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Index Trend Analysis Report

Prepared for you on Thursday, February 21, 2019.

NATIONAL CORN INDEX (MGEX:IC)

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.

MGEX_IC
Open High Low IC Price Change
343.11 343.11 343.11 343.11 -4.43
Entry Signal

MarketClub’s Trade Triangles for IC

long term up The long term trend has been UP since Dec 3rd, 2018 at 337.79

intermediate term down The intermediate term trend has been DOWN since Feb 12th, 2019 at 346.24

short term down The short term trend has been DOWN since Feb 20th, 2019 at 347.54

Smart Scan Analysis for IC

Based on a pre-defined weighted trend formula for chart analysis, IC scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for IC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
343.11 343.11 343.11 343.11 -4.43
Prev. Close Volume Bid Ask Time
347.54 0 0.00 0.00 2019-02-20 08:06:21
52wk High201852wk High Date2018-07-31
52wk Low299.7152wk Low Date2018-09-19
Open Time20:00Close Time14:45
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