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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.

CME_SPCSEUIP
Open High Low SPCSEUIP Price Change
745.01 751.63 745.01 747.74 +3.14
Entry Signal

MarketClub’s Trade Triangles for SPCSEUIP

long term up The long term trend has been UP since Oct 24th, 2019 at 764.26

intermediate term down The intermediate term trend has been DOWN since Nov 14th, 2019 at 741.12

short term down 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).

-60
Smart Scan Analysis for SPCSEUIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
745.01 751.63 745.01 747.74 +3.14
Prev. Close Volume Bid Ask Time
744.60 0 2019-12-06 04:54:00
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