Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
S&P NORTH AMERICA BMI (US DOLLAR) (CME:SBBMNAU)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SBBMNAU
The long term trend has been UP since Feb 25th, 2019 at 684.93
The intermediate term trend has been DOWN since May 7th, 2019 at 703.84
The short term trend has been DOWN since May 20th, 2019 at 695.12
Smart Scan Analysis for SBBMNAU
Based on a pre-defined weighted trend formula for chart analysis, SBBMNAU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||721.06||52wk High Date||2018-09-21|
|52wk Low||621.78||52wk Low Date||2018-02-09|