Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P CITIGROUP BMI EUROPE INDEX (CME:SPCBMIREUUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SPCBMIREUUSD
The long term trend has been DOWN since Mar 23rd, 2018 at 394.31
The intermediate term trend has been DOWN since Oct 8th, 2018 at 379.68
The short term trend has been DOWN since Nov 9th, 2018 at 362.70
Smart Scan Analysis for SPCBMIREUUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIREUUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||439.35||52wk High Date||2018-01-25|
|52wk Low||346.98||52wk Low Date||2018-10-26|