Future Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
USD-DENOMINATED IBOVESPA Oct 2019 (CME:IBV.V19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 IBV.V19
The long term trend has been UP since Sep 17th, 2019 at 105010
The intermediate term trend has been UP since Sep 9th, 2019 at 103420
The short term trend has been DOWN since Sep 20th, 2019 at 104760
Smart Scan Analysis for IBV.V19
Based on a pre-defined weighted trend formula for chart analysis, IBV.V19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).