Index Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
S&P BMI WORLD INDEX UTIL (CME:SPCBMICQWU55USD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Nov 17th, 2017 at 53.80
The short term trend has been DOWN since Nov 17th, 2017 at 53.84
Smart Scan Analysis for SPCBMICQWU55USD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMICQWU55USD scored -60 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||2016-11-21|