Index Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
S&P PAN ASIA BMI FOOD & STAPLES RETAILIN (CME:SPAU12)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SPAU12
The long term trend has been UP since Aug 16th, 2017 at 102.19
The intermediate term trend has been UP since Oct 12th, 2017 at 100.33
The short term trend has been DOWN since Nov 12th, 2017 at 102.56
Smart Scan Analysis for SPAU12
Based on a pre-defined weighted trend formula for chart analysis, SPAU12 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||103.53||52wk High Date||2017-11-09|
|52wk Low||89.08||52wk Low Date||2016-12-07|