Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P/CSE Utilities Industry Group Index (CME:SPCSEUIP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Apr 23rd, 2019 at 701.93
The intermediate term trend has been UP since Jun 3rd, 2019 at 709.29
The short term trend has been DOWN since Jul 22nd, 2019 at 729.81
Smart Scan Analysis for SPCSEUIP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEUIP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).