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Index Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

S&P Metals and Mining Select Industry Index (CME:SPSIMM)

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.

CME_SPSIMM
Open High Low SPSIMM Price Change
1454.99 1474.86 1451.93 1461.81 +6.82
Entry Signal

MarketClub’s Trade Triangles for SPSIMM

long term down The long term trend has been DOWN since May 1st, 2019 at 1443.01

intermediate term up The intermediate term trend has been UP since Jun 18th, 2019 at 1347.07

short term up The short term trend has been UP since Jul 12th, 2019 at 1411.50

Smart Scan Analysis for SPSIMM

Based on a pre-defined weighted trend formula for chart analysis, SPSIMM scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SPSIMM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1454.99 1474.86 1451.93 1461.81 +6.82
Prev. Close Volume Bid Ask Time
1273.31 0 2019-07-23 13:19:45
52wk High1980.7952wk High Date2018-01-25
52wk Low1394.2652wk Low Date2018-11-27
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