Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
S&P/CSE Household & Personal Products Industry Group Index (CME:SPCSEHPP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPCSEHPP
The long term trend has been UP since Oct 22nd, 2019 at 1036.60
The intermediate term trend has been UP since Oct 21st, 2019 at 977.32
The short term trend has been UP since Nov 18th, 2019 at 1025.82
Smart Scan Analysis for SPCSEHPP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEHPP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).