Index Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
S&P CITIGROUP BMI MDLE EAST & AFRICA INDEX (CME:SPCBMIRMEUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 UP since Jan 12th, 2017 at 261.01
The intermediate term trend has been DOWN since Sep 13th, 2017 at 274.11
The short term trend has been DOWN since Sep 13th, 2017 at 276.28
Smart Scan Analysis for SPCBMIRMEUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIRMEUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||283.29||52wk High Date||2017-09-01|
|52wk Low||229.04||52wk Low Date||2016-11-14|