Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
GLOBAL 1200 TELECOM SERVICE SECTOR (CME:SPG1200-50)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SPG1200-50
The long term trend has been DOWN since Feb 8th, 2018 at 1146.11
The intermediate term trend has been UP since Jul 6th, 2018 at 1118.08
The short term trend has been UP since Aug 14th, 2018 at 1122.54
Smart Scan Analysis for SPG1200-50
Based on a pre-defined weighted trend formula for chart analysis, SPG1200-50 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1249.05||52wk High Date||2018-01-29|
|52wk Low||1076.02||52wk Low Date||2018-06-28|