Index Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
S&P/CSE Transportation Industry Group Index (CME:SPCSETP)
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 SPCSETP
The long term trend has been DOWN since Aug 28th, 2019 at 646.04
The intermediate term trend has been DOWN since Dec 20th, 2019 at 846.91
The short term trend has been DOWN since Jan 17th, 2020 at 850.88
Smart Scan Analysis for SPCSETP
Based on a pre-defined weighted trend formula for chart analysis, SPCSETP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).