Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P JAPAN 500 (CME:SPJ)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Sep 21st, 2018 at 1632.62
The intermediate term trend has been DOWN since Oct 11th, 2018 at 1571.07
The short term trend has been DOWN since Oct 21st, 2018 at 1540.53
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||1489.09||52wk Low Date||2018-03-26|