Future Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
S&P 500 INDEX MATERIALS SECTOR (E-MINI) Sep 2019 (CME:XAB.U19)
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 XAB.U19
The long term trend has been UP since Jun 20th, 2019 at 612.8
The intermediate term trend has been UP since Jun 20th, 2019 at 612.8
The short term trend has been DOWN since Jul 17th, 2019 at 615.4
Smart Scan Analysis for XAB.U19
Based on a pre-defined weighted trend formula for chart analysis, XAB.U19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).