Index Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
S&P AMERICAS BMI (US DOLLAR) (CME:SAAU)
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 SAAU
The long term trend has been DOWN since Oct 11th, 2018 at 303.42
The intermediate term trend has been DOWN since Dec 7th, 2018 at 290.52
The short term trend has been UP since Dec 12th, 2018 at 290.10
Smart Scan Analysis for SAAU
Based on a pre-defined weighted trend formula for chart analysis, SAAU scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||325.54||52wk High Date||2018-09-21|
|52wk Low||282.67||52wk Low Date||2018-02-09|