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Index Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

S&P/CSE Materials Industry Group Index (CME:SPCSEMIP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

CME_SPCSEMIP
Open High Low SPCSEMIP Price Change
645.93 649.00 645.93 648.73 +0.49
Entry Signal

MarketClub’s Trade Triangles for SPCSEMIP

long term up The long term trend has been UP since Oct 10th, 2019 at 587.72

intermediate term down The intermediate term trend has been DOWN since Dec 16th, 2019 at 675.99

short term down The short term trend has been DOWN since Jan 6th, 2020 at 679.26

Smart Scan Analysis for SPCSEMIP

Based on a pre-defined weighted trend formula for chart analysis, SPCSEMIP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SPCSEMIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
645.93 649.00 645.93 648.73 +0.49
Prev. Close Volume Bid Ask Time
652.78 0 2020-01-17 04:29:53
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