Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P DEVELOPED EX US CAP RNG COMP 2-5 BIL (CME:SPCRR2B5BRWUUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPCRR2B5BRWUUSD
The long term trend has been DOWN since Jun 25th, 2018 at 463.42
The intermediate term trend has been DOWN since Oct 7th, 2018 at 447.08
The short term trend has been DOWN since Nov 9th, 2018 at 423.06
Smart Scan Analysis for SPCRR2B5BRWUUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCRR2B5BRWUUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||506.58||52wk High Date||2018-01-25|
|52wk Low||405.02||52wk Low Date||2018-10-26|