Index Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
S&P MLP INDEX (CME:SPMLP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SPMLP
The long term trend has been DOWN since Dec 18th, 2018 at 1338.71
The intermediate term trend has been UP since Feb 15th, 2019 at 1446.88
The short term trend has been UP since Mar 18th, 2019 at 1454.92
Smart Scan Analysis for SPMLP
Based on a pre-defined weighted trend formula for chart analysis, SPMLP scored +70 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|