Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P/CSE Food & Staples Retailing Industry Group Index (CME:SPCSEFRP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPCSEFRP
The long term trend has been DOWN since Apr 23rd, 2019 at 1181.29
The intermediate term trend has been UP since Jul 23rd, 2019 at 1247.40
The short term trend has been UP since Jul 23rd, 2019 at 1220.04
Smart Scan Analysis for SPCSEFRP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEFRP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).