Index Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
S&P US Dollar Futures Index ER (CME:SPUSDP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPUSDP
The long term trend has been UP since May 1st, 2018 at 83.30
The intermediate term trend has been UP since Jul 23rd, 2019 at 90.35
The short term trend has been DOWN since Aug 23rd, 2019 at 91.14
Smart Scan Analysis for SPUSDP
Based on a pre-defined weighted trend formula for chart analysis, SPUSDP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||89.23||52wk High Date||2018-11-13|
|52wk Low||79.61||52wk Low Date||2018-02-16|