Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
GLOBAL 1200 TELECOM SERVICE SECTOR (CME:SPG1200-50)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 11th, 2018 at 1080.50
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1124.98
The short term trend has been UP since Nov 15th, 2018 at 1064.52
Smart Scan Analysis for SPG1200-50
Based on a pre-defined weighted trend formula for chart analysis, SPG1200-50 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1249.05||52wk High Date||2018-01-29|
|52wk Low||1023.9||52wk Low Date||2018-10-29|