Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Morningstar Singapore Index PR SGD (CME:MSSGSGDP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Jun 10th, 2019 at 3522.19
The short term trend has been UP since Jul 15th, 2019 at 3691.63
Smart Scan Analysis for MSSGSGDP
Based on a pre-defined weighted trend formula for chart analysis, MSSGSGDP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).