Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P EURO Futures 1x Inverse Daily Index TR (CME:SPEUFT1I)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SPEUFT1I
The long term trend has been UP since Jan 22nd, 2019 at 119.13
The intermediate term trend has been UP since Jul 5th, 2019 at 123.21
The short term trend has been DOWN since Aug 19th, 2019 at 125.15
Smart Scan Analysis for SPEUFT1I
Based on a pre-defined weighted trend formula for chart analysis, SPEUFT1I scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).