Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
S&P/CSE Utilities Sector Index (CME:SPCSEUP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPCSEUP
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 UP since Jul 11th, 2019 at 732.11
Smart Scan Analysis for SPCSEUP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEUP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).