Index Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
S&P JAPAN 500 (CME:SPJ)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPJ
The long term trend has been DOWN since Feb 6th, 2018 at 1584.01
The intermediate term trend has been UP since Jul 16th, 2018 at 1582.44
The short term trend has been DOWN since Jul 20th, 2018 at 1584.56
Smart Scan Analysis for SPJ
Based on a pre-defined weighted trend formula for chart analysis, SPJ scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1735.85||52wk High Date||2018-01-23|
|52wk Low||1429.35||52wk Low Date||2017-09-06|