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Index Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

SCOTIA HIGH YIELDING EQUITY INDEX (CME:SCHYE)

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.

CME_SCHYE
Open High Low SCHYE Price Change
893.44 895.51 888.56 889.59 -1.45
Entry Signal

MarketClub’s Trade Triangles for SCHYE

long term down The long term trend has been DOWN since Oct 4th, 2018 at 918.50

intermediate term down The intermediate term trend has been DOWN since Sep 28th, 2018 at 923.61

short term up The short term trend has been UP since Oct 19th, 2018 at 895.55

Smart Scan Analysis for SCHYE

Based on a pre-defined weighted trend formula for chart analysis, SCHYE scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SCHYE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
893.44 895.51 888.56 889.59 -1.45
Prev. Close Volume Bid Ask Time
889.59 0 2018-10-22 15:59:32
52wk High987.8952wk High Date2017-12-06
52wk Low880.4652wk Low Date2018-10-11
Want to analyze SCOTIA HIGH YIELDING EQUITY INDEX SCHYE or another symbol? Try our Free Index Trend Analysis Report.