Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P BRICT INDEX (CME:SPBRCTUP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SPBRCTUP
The long term trend has been DOWN since Apr 10th, 2018 at 5598.72
The intermediate term trend has been UP since Nov 2nd, 2018 at 5275.33
The short term trend has been DOWN since Nov 8th, 2018 at 5236.74
Smart Scan Analysis for SPBRCTUP
Based on a pre-defined weighted trend formula for chart analysis, SPBRCTUP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6424.24||52wk High Date||2018-01-29|
|52wk Low||4778.48||52wk Low Date||2018-09-11|