Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P EURO Futures Index ER (CME:SPEUFP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SPEUFP
The long term trend has been DOWN since Jan 24th, 2019 at 97.650
The intermediate term trend has been UP since Dec 4th, 2019 at 93.414
The short term trend has been DOWN since Dec 6th, 2019 at 93.094
Smart Scan Analysis for SPEUFP
Based on a pre-defined weighted trend formula for chart analysis, SPEUFP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).