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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.

CME_SPSIOP
Open High Low SPSIOP Price Change
3526.68 3617.23 3513.83 3562.43 +35.75
Entry Signal

MarketClub’s Trade Triangles for SPSIOP

long term down The long term trend has been DOWN since May 23rd, 2019 at 4231.14

intermediate term up The intermediate term trend has been UP since Sep 9th, 2019 at 3442.50

short term up 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).

+70
Smart Scan Analysis for SPSIOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3526.68 3617.23 3513.83 3562.43 +35.75
Prev. Close Volume Bid Ask Time
4067.57 0 2019-09-13 16:19:45
52wk High6918.5352wk High Date2018-07-10
52wk Low4719.2952wk Low Date2018-02-09
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