Future Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
USD-DENOMINATED IBOVESPA Dec 2019 (CME:IBV.Z19)
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.Z19
The long term trend has been UP since Oct 17th, 2019 at 106225
The intermediate term trend has been UP since Oct 17th, 2019 at 106225
The short term trend has been DOWN since Nov 8th, 2019 at 108015
Smart Scan Analysis for IBV.Z19
Based on a pre-defined weighted trend formula for chart analysis, IBV.Z19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).