Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P EURO Futures Index ER (CME:SPEUFP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 SPEUFP
The long term trend has been DOWN since Jan 24th, 2019 at 97.65
The intermediate term trend has been DOWN since Jul 5th, 2019 at 95.42
The short term trend has been UP since Aug 19th, 2019 at 94.22
Smart Scan Analysis for SPEUFP
Based on a pre-defined weighted trend formula for chart analysis, SPEUFP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).