Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P EURO Futures 1x Inverse Daily Index TR (CME:SPEUFT1I)
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 SPEUFT1I
The long term trend has been UP since Jan 22nd, 2019 at 119.13
The intermediate term trend has been DOWN since Dec 4th, 2019 at 126.77
The short term trend has been UP since Dec 6th, 2019 at 127.26
Smart Scan Analysis for SPEUFT1I
Based on a pre-defined weighted trend formula for chart analysis, SPEUFT1I scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).