Index Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
S&P PAN ASIA BMI FINANCIALS (US DOLLAR) (CME:SPAU11)
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 SPAU11
The long term trend has been DOWN since Apr 2nd, 2018 at 148.71
The intermediate term trend has been DOWN since Aug 12th, 2018 at 140.76
The short term trend has been UP since Sep 18th, 2018 at 137.19
Smart Scan Analysis for SPAU11
Based on a pre-defined weighted trend formula for chart analysis, SPAU11 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||166.99||52wk High Date||2018-01-29|
|52wk Low||134.02||52wk Low Date||2018-09-12|