Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P / Harel Energy Index (CME:SPHLENIP)
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 SPHLENIP
The long term trend has been UP since Nov 4th, 2019 at 1621.61
The intermediate term trend has been DOWN since Nov 12th, 2019 at 1574.92
The short term trend has been DOWN since Dec 2nd, 2019 at 1578.96
Smart Scan Analysis for SPHLENIP
Based on a pre-defined weighted trend formula for chart analysis, SPHLENIP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1661.18||52wk High Date||2018-09-25|
|52wk Low||1426.53||52wk Low Date||2018-06-28|