Index Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
GLOBAL ECON INDEX EUR (CME:SPGTECEP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPGTECEP
The long term trend has been DOWN since Nov 23rd, 2017 at 196.26
The intermediate term trend has been DOWN since Jan 12th, 2018 at 202.26
The short term trend has been UP since Jan 17th, 2018 at 200.81
Smart Scan Analysis for SPGTECEP
Based on a pre-defined weighted trend formula for chart analysis, SPGTECEP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||213.35||52wk High Date||2017-05-11|
|52wk Low||193.38||52wk Low Date||2017-11-27|