Index Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
S&P/CSE Real Estate Sector Index (CME:SPCSERSP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Feb 13th, 2020 at 775.82
The short term trend has been DOWN since Feb 11th, 2020 at 801.68
Smart Scan Analysis for SPCSERSP
Based on a pre-defined weighted trend formula for chart analysis, SPCSERSP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).