Index Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
S&P PAN ASIA BMI CONSUMER DISCRETIONARY (CME:SPAU5)
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 SPAU5
The long term trend has been DOWN since Jun 21st, 2018 at 136.54
The intermediate term trend has been DOWN since Dec 10th, 2018 at 115.49
The short term trend has been UP since Dec 12th, 2018 at 118.22
Smart Scan Analysis for SPAU5
Based on a pre-defined weighted trend formula for chart analysis, SPAU5 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||150.08||52wk High Date||2018-01-24|
|52wk Low||112.05||52wk Low Date||2018-10-30|