Index Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
S&P PAN ASIA BMI FOOD & STAPLES RETAILIN (CME:SPAU12)
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 SPAU12
The long term trend has been UP since Aug 16th, 2017 at 102.19
The intermediate term trend has been DOWN since Jan 12th, 2018 at 107.19
The short term trend has been UP since Jan 16th, 2018 at 108.45
Smart Scan Analysis for SPAU12
Based on a pre-defined weighted trend formula for chart analysis, SPAU12 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||109.78||52wk High Date||2018-01-10|
|52wk Low||93.38||52wk Low Date||2017-01-19|