Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
S&P CITIGROUP BMI LATIN AMERICA INDEX (CME:SPCBMIRLAUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPCBMIRLAUSD
The long term trend has been DOWN since May 2nd, 2018 at 291.23
The intermediate term trend has been UP since Jul 6th, 2018 at 252.66
The short term trend has been UP since Jul 13th, 2018 at 257.53
Smart Scan Analysis for SPCBMIRLAUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIRLAUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||325.03||52wk High Date||2018-02-01|
|52wk Low||238.57||52wk Low Date||2018-06-07|