Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
S&P Total Market Index (TMI) Energy (Industry Group) (CME:STM1010)
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.
MarketClub’s Trade Triangles for STM1010
The long term trend has been UP since Jan 3rd, 2020 at 1239.69
The intermediate term trend has been DOWN since Jan 17th, 2020 at 1202.61
The short term trend has been DOWN since Jan 7th, 2020 at 1229.89
Smart Scan Analysis for STM1010
Based on a pre-defined weighted trend formula for chart analysis, STM1010 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1655.86||52wk High Date||2018-05-22|
|52wk Low||1302.28||52wk Low Date||2018-11-23|