Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
S&P BMI WORLD INDEX UTIL (CME:SPCBMICQWU55USD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 22nd, 2017 at 53.07
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 53.48
The short term trend has been DOWN since Feb 20th, 2018 at 51.51
Smart Scan Analysis for SPCBMICQWU55USD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMICQWU55USD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||56.33||52wk High Date||2017-09-08|
|52wk Low||46.71||52wk Low Date||2017-02-20|