Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
S&P PAN ASIA BMI SOFTWARE & SERVICES (US) (CME:SPAU26)
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 SPAU26
The long term trend has been DOWN since Jul 30th, 2018 at 80.42
The intermediate term trend has been DOWN since Jul 30th, 2018 at 81.88
The short term trend has been UP since Aug 19th, 2018 at 76.61
Smart Scan Analysis for SPAU26
Based on a pre-defined weighted trend formula for chart analysis, SPAU26 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||94.04||52wk High Date||2018-01-29|
|52wk Low||71.46||52wk Low Date||2017-08-29|