Index Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
GLOBAL 1200 TELECOM SERVICE SECTOR (CME:SPG1200-50)
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 SPG1200-50
The long term trend has been DOWN since Nov 2nd, 2017 at 1165.31
The intermediate term trend has been DOWN since Oct 13th, 2017 at 1185.07
The short term trend has been UP since Nov 16th, 2017 at 1151.15
Smart Scan Analysis for SPG1200-50
Based on a pre-defined weighted trend formula for chart analysis, SPG1200-50 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1231.04||52wk High Date||2017-08-01|
|52wk Low||1108.65||52wk Low Date||2016-11-21|