Index Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
S&P BMI WORLD INDEX UTIL (CME:SPCBMICQWU55USD)
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 SPCBMICQWU55USD
The long term trend has been UP since Mar 2nd, 2017 at 47.21
The intermediate term trend has been DOWN since Sep 21st, 2017 at 54.63
The short term trend has been DOWN since Sep 12th, 2017 at 55.90
Smart Scan Analysis for SPCBMICQWU55USD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMICQWU55USD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||56.33||52wk High Date||2017-09-08|
|52wk Low||43.54||52wk Low Date||2016-11-18|