Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
S&P EUROPE 350 SHARIAH INDEX (CME:SPE350SH)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPE350SH
The long term trend has been UP since May 16th, 2018 at 1421.92
The intermediate term trend has been DOWN since Aug 13th, 2018 at 1442.48
The short term trend has been UP since Aug 21st, 2018 at 1455.44
Smart Scan Analysis for SPE350SH
Based on a pre-defined weighted trend formula for chart analysis, SPE350SH scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1476.51||52wk High Date||2018-08-10|
|52wk Low||1304.35||52wk Low Date||2018-03-26|