Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P EMERGING ASIA 40 INDEX (CME:SPEM40UP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SPEM40UP
The long term trend has been DOWN since Apr 25th, 2018 at 2701.95
The intermediate term trend has been DOWN since Sep 5th, 2018 at 2471.57
The short term trend has been UP since Oct 16th, 2018 at 2356.18
Smart Scan Analysis for SPEM40UP
Based on a pre-defined weighted trend formula for chart analysis, SPEM40UP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3010.21||52wk High Date||2018-01-29|
|52wk Low||2279.25||52wk Low Date||2018-10-11|