Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
S&P / Harel Consumer Goods Index TR (CME:SPHLCGIT)
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 SPHLCGIT
The long term trend has been UP since Jul 1st, 2019 at 2448.40
The intermediate term trend has been UP since Aug 28th, 2019 at 2474.30
The short term trend has been UP since Sep 26th, 2019 at 2506.95
Smart Scan Analysis for SPHLCGIT
Based on a pre-defined weighted trend formula for chart analysis, SPHLCGIT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2452.66000000||52wk High Date||2018-01-28|
|52wk Low||2147.53000000||52wk Low Date||2018-08-02|