Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
S&P TSX COMPOSITE INDEX (TSE:0000)
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 0000
The long term trend has been UP since Feb 1st, 2019 at 15564.61
The intermediate term trend has been DOWN since May 6th, 2019 at 16402.16
The short term trend has been DOWN since May 22nd, 2019 at 16349.70
Smart Scan Analysis for 0000
Based on a pre-defined weighted trend formula for chart analysis, 0000 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||16586.46||52wk High Date||2018-07-13|
|52wk Low||14639.7||52wk Low Date||2018-10-29|