Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P Strategic Futures Index ER (CME:SPSFIP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPSFIP
The long term trend has been DOWN since Dec 3rd, 2019 at 125.88
The intermediate term trend has been DOWN since Oct 17th, 2019 at 126.61
The short term trend has been UP since Dec 6th, 2019 at 126.02
Smart Scan Analysis for SPSFIP
Based on a pre-defined weighted trend formula for chart analysis, SPSFIP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).