Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P TOPIX 150 (CME:SPTOPIX)
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 SPTOPIX
The long term trend has been UP since Sep 19th, 2018 at 1450.38
The intermediate term trend has been DOWN since Oct 11th, 2018 at 1408.05
The short term trend has been DOWN since Oct 3rd, 2018 at 1472.33
Smart Scan Analysis for SPTOPIX
Based on a pre-defined weighted trend formula for chart analysis, SPTOPIX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1550.25||52wk High Date||2018-01-23|
|52wk Low||1324.93||52wk Low Date||2018-03-26|