Index Trend Analysis Report
Prepared for you on Thursday, September 21, 2017.
BNY MELLON BRIC SELECT DR INDEX (CME:DRBRIC)
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 DRBRIC
The long term trend has been UP since Apr 11th, 2016 at 3345.64
The intermediate term trend has been UP since Jul 10th, 2017 at 4168.15
The short term trend has been DOWN since Sep 21st, 2017 at 4811.92
Smart Scan Analysis for DRBRIC
Based on a pre-defined weighted trend formula for chart analysis, DRBRIC scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4843.26||52wk High Date||2017-09-18|
|52wk Low||3577.87||52wk Low Date||2016-11-14|