Index Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
S&P/TSX Composite Index (TSE:0000)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 Jul 30th, 2019 at 16421.66
The short term trend has been DOWN since Aug 23rd, 2019 at 16198.90
Smart Scan Analysis for 0000
Based on a pre-defined weighted trend formula for chart analysis, 0000 scored -70 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|