Index Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Dow Jones Commodity Index Feeder Cattle ER (INDEX:DJCIFCP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 DJCIFCP
The long term trend has been UP since Oct 9th, 2019 at 107.6600
The intermediate term trend has been UP since Sep 13th, 2019 at 101.0900
The short term trend has been DOWN since Oct 17th, 2019 at 108.4246
Smart Scan Analysis for DJCIFCP
Based on a pre-defined weighted trend formula for chart analysis, DJCIFCP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).