Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
S&P CITIGROUP BMI MDLE EAST & AFRICA INDEX (CME:SPCBMIRMEUSD)
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 SPCBMIRMEUSD
The long term trend has been UP since Jan 12th, 2017 at 261.01
The intermediate term trend has been DOWN since Feb 5th, 2018 at 307.25
The short term trend has been DOWN since Feb 20th, 2018 at 321.28
Smart Scan Analysis for SPCBMIRMEUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIRMEUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||333.87||52wk High Date||2018-01-26|
|52wk Low||251.71||52wk Low Date||2017-04-04|