Index Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
ENHANCED RAFI GLOBAL DEVELOPED ASIA PRIC (CME:ERAGDAP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ERAGDAP
The long term trend has been DOWN since Jun 19th, 2018 at 1128.20
The intermediate term trend has been DOWN since Apr 12th, 2019 at 1046.02
The short term trend has been UP since May 17th, 2019 at 1020.29
Smart Scan Analysis for ERAGDAP
Based on a pre-defined weighted trend formula for chart analysis, ERAGDAP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1263.32||52wk High Date||2018-01-24|
|52wk Low||1030.24||52wk Low Date||2018-10-26|