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Index Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

S&P Oil & Gas Exploration & Production Select Industry Index (CME:SPSIOP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

CME_SPSIOP
Open High Low SPSIOP Price Change
3467.39 3481.80 3402.57 3407.19 -60.20
Entry Signal

MarketClub’s Trade Triangles for SPSIOP

long term up The long term trend has been UP since Jan 3rd, 2020 at 3662.53

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 3479.50

short term down The short term trend has been DOWN since Jan 8th, 2020 at 3600.68

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).

-70
Smart Scan Analysis for SPSIOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3467.39 3481.80 3402.57 3407.19 -60.20
Prev. Close Volume Bid Ask Time
3534.08 0 2020-01-17 17:07:15
52wk High6918.5352wk High Date2018-07-10
52wk Low4719.2952wk Low Date2018-02-09
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