Future Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
SILVER (E-MINI) Dec 2019 (NYMEX:QI.Z19)
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 QI.Z19
The long term trend has been UP since Jul 16th, 2019 at 15.6500
The intermediate term trend has been DOWN since Sep 27th, 2019 at 17.4875
The short term trend has been UP since Oct 18th, 2019 at 17.5875
Smart Scan Analysis for QI.Z19
Based on a pre-defined weighted trend formula for chart analysis, QI.Z19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).