Index Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
S&P JAPAN 500 (CME:SPJ)
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 SPJ
The long term trend has been DOWN since Oct 23rd, 2018 at 1517.39
The intermediate term trend has been UP since Jan 14th, 2019 at 1405.94
The short term trend has been UP since Dec 27th, 2018 at 1366.58
Smart Scan Analysis for SPJ
Based on a pre-defined weighted trend formula for chart analysis, SPJ scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1735.85||52wk High Date||2018-01-23|
|52wk Low||1439.95||52wk Low Date||2018-10-26|