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Index Trend Analysis Report

Prepared for you on Monday, September 16, 2019.

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

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.

CME_SPCSEMIP
Open High Low SPCSEMIP Price Change
559.21 559.21 555.15 559.21 +3.49
Entry Signal

MarketClub’s Trade Triangles for SPCSEMIP

long term down The long term trend has been DOWN since Aug 28th, 2019 at 437.38

intermediate term down The intermediate term trend has been DOWN since Aug 28th, 2019 at 535.13

short term up The short term trend has been UP since Sep 9th, 2019 at 557.73

Smart Scan Analysis for SPCSEMIP

Based on a pre-defined weighted trend formula for chart analysis, SPCSEMIP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SPCSEMIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
559.21 559.21 555.15 559.21 +3.49
Prev. Close Volume Bid Ask Time
451.34 0 2019-09-12 05:30:03
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