Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
S&P/CSE Health Care Equipment & Services Industry Group Index (CME:SPCSEHSP)
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 SPCSEHSP
The long term trend has been DOWN since Aug 28th, 2019 at 765.06
The intermediate term trend has been DOWN since Nov 7th, 2019 at 852.93
The short term trend has been UP since Dec 4th, 2019 at 854.89
Smart Scan Analysis for SPCSEHSP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEHSP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).