Index Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
S&P BMI EMERGING MARKETS SM-CAP (CME:SPCRU2BREMUSD)
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 SPCRU2BREMUSD
The long term trend has been DOWN since Apr 26th, 2018 at 297.29
The intermediate term trend has been DOWN since Feb 4th, 2018 at 316.11
The short term trend has been UP since May 22nd, 2018 at 296.52
Smart Scan Analysis for SPCRU2BREMUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCRU2BREMUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||326.19||52wk High Date||2018-01-29|
|52wk Low||266.6||52wk Low Date||2017-05-24|