Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P MLP Index (CME:SPMLP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPMLP
The long term trend has been DOWN since Oct 8th, 2019 at 1301.26
The intermediate term trend has been UP since Dec 10th, 2019 at 1219.78
The short term trend has been UP since Dec 6th, 2019 at 1183.61
Smart Scan Analysis for SPMLP
Based on a pre-defined weighted trend formula for chart analysis, SPMLP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1717.06||52wk High Date||2018-01-24|
|52wk Low||1314.7||52wk Low Date||2018-03-27|