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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.

CME_SPCBMIRMEUSD
Open High Low SPCBMIRMEUSD Price Change
238.90 239.71 234.40 235.70 -2.67
Entry Signal

MarketClub’s Trade Triangles for SPCBMIRMEUSD

long term down The long term trend has been DOWN since May 3rd, 2018 at 289.83

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 265.64

short term up 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).

-85
Smart Scan Analysis for SPCBMIRMEUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
238.90 239.71 234.40 235.70 -2.67
Prev. Close Volume Bid Ask Time
238.37 0 2018-10-15 06:02:24
52wk High333.8752wk High Date2018-01-26
52wk Low227.0552wk Low Date2018-10-11
Want to analyze S&P CITIGROUP BMI MDLE EAST & AFRICA INDEX SPCBMIRMEUSD or another symbol? Try our Free Index Trend Analysis Report.