Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
S&P KOREA CORPORATE GROUP INDEX USD (CME:SPXKCGKP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SPXKCGKP
The long term trend has been DOWN since Feb 7th, 2018 at 2239.09
The intermediate term trend has been DOWN since Aug 12th, 2018 at 2119.16
The short term trend has been UP since Aug 19th, 2018 at 2106.57
Smart Scan Analysis for SPXKCGKP
Based on a pre-defined weighted trend formula for chart analysis, SPXKCGKP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2528.83||52wk High Date||2017-11-17|
|52wk Low||2041.49||52wk Low Date||2017-09-04|