Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P/CSE Utilities Industry Group Index (CME:SPCSEUIP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPCSEUIP
The long term trend has been UP since Oct 24th, 2019 at 764.26
The intermediate term trend has been DOWN since Nov 14th, 2019 at 741.12
The short term trend has been DOWN since Dec 4th, 2019 at 746.40
Smart Scan Analysis for SPCSEUIP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEUIP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).