Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P EURO Futures 2x Leverage Daily Index TR (CME:SPEUFT2L)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPEUFT2L
The long term trend has been UP since Dec 31st, 2019 at 105.22
The intermediate term trend has been DOWN since Jan 17th, 2020 at 102.53
The short term trend has been DOWN since Jan 17th, 2020 at 102.90
Smart Scan Analysis for SPEUFT2L
Based on a pre-defined weighted trend formula for chart analysis, SPEUFT2L scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).