Index Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
S&P CITIGROUP BMI MDLE EAST & AFRICA INDEX (CME:SPCBMIRMEUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SPCBMIRMEUSD
The long term trend has been DOWN since May 3rd, 2018 at 289.83
The intermediate term trend has been DOWN since Aug 10th, 2018 at 265.64
The short term trend has been UP since Oct 12th, 2018 at 237.97
Smart Scan Analysis for SPCBMIRMEUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIRMEUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||333.87||52wk High Date||2018-01-26|
|52wk Low||227.05||52wk Low Date||2018-10-11|