Index Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
S&P US FLOATING RATE PR STOCK I (CME:SPPREFR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SPPREFR
The long term trend has been DOWN since Sep 14th, 2018 at 832.69
The intermediate term trend has been DOWN since Feb 6th, 2019 at 713.88
The short term trend has been UP since Feb 12th, 2019 at 715.17
Smart Scan Analysis for SPPREFR
Based on a pre-defined weighted trend formula for chart analysis, SPPREFR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||862.54||52wk High Date||2018-07-06|
|52wk Low||724.1||52wk Low Date||2018-11-29|