Index Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
S&P LATIN AMERICA UNDER $2 BILLION (CME:SPCRU2BRLAUSD)
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 SPCRU2BRLAUSD
The long term trend has been DOWN since Apr 25th, 2018 at 345.45
The intermediate term trend has been DOWN since Aug 10th, 2018 at 300.98
The short term trend has been UP since Sep 17th, 2018 at 277.74
Smart Scan Analysis for SPCRU2BRLAUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCRU2BRLAUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||379.32||52wk High Date||2018-01-26|
|52wk Low||272.73||52wk Low Date||2018-09-11|