Future Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P 500 INDEX HEALTHCARE SECTOR (E-MINI) Dec 2019 (CME:XAV.Z19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 XAV.Z19
The long term trend has been DOWN since Sep 24th, 2019 at 914.5
The intermediate term trend has been UP since Oct 15th, 2019 at 919.9
The short term trend has been UP since Oct 4th, 2019 at 895.7
Smart Scan Analysis for XAV.Z19
Based on a pre-defined weighted trend formula for chart analysis, XAV.Z19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).