Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P 500 Quality, Value & Momentum Multi-factor Index NTR (CME:SPXQVMUN)
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 SPXQVMUN
The long term trend has been UP since Sep 12th, 2019 at 19742.00
The intermediate term trend has been DOWN since Oct 1st, 2019 at 19327.14
The short term trend has been UP since Oct 21st, 2019 at 19606.60
Smart Scan Analysis for SPXQVMUN
Based on a pre-defined weighted trend formula for chart analysis, SPXQVMUN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).