Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P/CSE Food, Beverage & Tobacco Industry Group Index (CME:SPCSEFBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPCSEFBP
The long term trend has been DOWN since Apr 9th, 2019 at 855.54
The intermediate term trend has been UP since Jul 9th, 2019 at 853.79
The short term trend has been DOWN since Jul 23rd, 2019 at 861.67
Smart Scan Analysis for SPCSEFBP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEFBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).