Index Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
ENHANCED RAFI GLOBAL DEVELOPED NORTH AME (CME:ERAGDNP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ERAGDNP
The long term trend has been DOWN since Oct 24th, 2018 at 1359.75
The intermediate term trend has been UP since Nov 7th, 2018 at 1404.06
The short term trend has been DOWN since Nov 9th, 2018 at 1387.81
Smart Scan Analysis for ERAGDNP
Based on a pre-defined weighted trend formula for chart analysis, ERAGDNP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1468.47||52wk High Date||2018-09-21|
|52wk Low||1274.94||52wk Low Date||2017-11-15|