Index Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
S&P AFRICA 40 INDEX (EUR) (CME:SPAFREP)
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 SPAFREP
The long term trend has been DOWN since Apr 27th, 2017 at 212.44
The intermediate term trend has been DOWN since Aug 11th, 2017 at 202.65
The short term trend has been UP since Aug 16th, 2017 at 204.19
Smart Scan Analysis for SPAFREP
Based on a pre-defined weighted trend formula for chart analysis, SPAFREP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||237.91||52wk High Date||2017-02-22|
|52wk Low||192.56||52wk Low Date||2016-11-14|