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.
MarketClub’s Trade Triangles for SCHYE
The long term trend has been DOWN since Oct 4th, 2018 at 918.50
The intermediate term trend has been DOWN since Sep 28th, 2018 at 923.61
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).
|52wk High||987.89||52wk High Date||2017-12-06|
|52wk Low||880.46||52wk Low Date||2018-10-11|