Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P/CSE Real Estate Sector Index (CME:SPCSERSP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPCSERSP
The long term trend has been DOWN since Aug 28th, 2019 at 662.68
The intermediate term trend has been UP since Dec 3rd, 2019 at 835.85
The short term trend has been UP since Nov 15th, 2019 at 811.34
Smart Scan Analysis for SPCSERSP
Based on a pre-defined weighted trend formula for chart analysis, SPCSERSP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).