Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P U.S. Retiree Spending Bond Futures Index (CME:SPRETIB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SPRETIB
The long term trend has been UP since Dec 3rd, 2018 at 321.33
The intermediate term trend has been UP since Dec 3rd, 2019 at 343.44
The short term trend has been DOWN since Dec 6th, 2019 at 341.78
Smart Scan Analysis for SPRETIB
Based on a pre-defined weighted trend formula for chart analysis, SPRETIB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).