Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
S&P Oil & Gas Exploration & Production Select Industry Index (CME:SPSIOP)
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 SPSIOP
The long term trend has been DOWN since May 23rd, 2019 at 4231.14
The intermediate term trend has been UP since Sep 9th, 2019 at 3442.50
The short term trend has been UP since Aug 29th, 2019 at 3237.33
Smart Scan Analysis for SPSIOP
Based on a pre-defined weighted trend formula for chart analysis, SPSIOP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6918.53||52wk High Date||2018-07-10|
|52wk Low||4719.29||52wk Low Date||2018-02-09|