Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Morningstar Singapore Index PR SGD (CME:MSSGSGDP)
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 MSSGSGDP
The long term trend has been DOWN since May 22nd, 2019 at 3464.91
The intermediate term trend has been DOWN since Sep 30th, 2019 at 3459.78
The short term trend has been DOWN since Oct 18th, 2019 at 3466.24
Smart Scan Analysis for MSSGSGDP
Based on a pre-defined weighted trend formula for chart analysis, MSSGSGDP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).