Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
ENHANCED RAFI EMERGING MARKETS (ASIA) TO (CME:ERAEMAST)
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 ERAEMAST
The long term trend has been UP since Jan 24th, 2017 at 2836.79
The intermediate term trend has been UP since Oct 10th, 2017 at 3536.44
The short term trend has been DOWN since Oct 17th, 2017 at 3561.58
Smart Scan Analysis for ERAEMAST
Based on a pre-defined weighted trend formula for chart analysis, ERAEMAST scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3583.75||52wk High Date||2017-10-16|
|52wk Low||2645.24||52wk Low Date||2016-11-09|