Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P/CSE Energy Sector Index (CME:SPCSEEP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPCSEEP
The long term trend has been UP since Jul 10th, 2019 at 513.39
The intermediate term trend has been UP since Jul 5th, 2019 at 497.84
The short term trend has been DOWN since Jul 22nd, 2019 at 499.88
Smart Scan Analysis for SPCSEEP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEEP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).