Index Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
ENHANCED RAFI EMERGING MARKETS (LATIN AM) (CME:ERAEMLAT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 ERAEMLAT
The long term trend has been DOWN since May 18th, 2018 at 2106.07
The intermediate term trend has been DOWN since May 4th, 2018 at 2162.10
The short term trend has been UP since Jun 20th, 2018 at 1901.45
Smart Scan Analysis for ERAEMLAT
Based on a pre-defined weighted trend formula for chart analysis, ERAEMLAT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2528.65||52wk High Date||2017-08-16|
|52wk Low||1533.16||52wk Low Date||2017-06-21|