Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
S&P CITIGROUP BMI LATIN AMERICA INDEX (CME:SPCBMIRLAUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPCBMIRLAUSD
The long term trend has been UP since Oct 9th, 2018 at 276.57
The intermediate term trend has been UP since Sep 21st, 2018 at 254.14
The short term trend has been DOWN since Oct 18th, 2018 at 269.91
Smart Scan Analysis for SPCBMIRLAUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIRLAUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||325.03||52wk High Date||2018-02-01|
|52wk Low||237.21||52wk Low Date||2018-09-11|