Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
S&P China A Share Dividend Opportunities Index (CHINESE RENMINBI) (CME:CSPSADRP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CSPSADRP
The long term trend has been DOWN since Jun 2nd, 2019 at 8209.00
The intermediate term trend has been DOWN since Oct 31st, 2019 at 7856.15
The short term trend has been DOWN since Oct 30th, 2019 at 7912.03
Smart Scan Analysis for CSPSADRP
Based on a pre-defined weighted trend formula for chart analysis, CSPSADRP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).