Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
SCOTIA HIGH YIELDING EQUITY INDEX (CME:SCHYE)
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 SCHYE
The long term trend has been UP since Feb 20th, 2019 at 891.65
The intermediate term trend has been UP since Jan 7th, 2019 at 812.67
The short term trend has been DOWN since Apr 16th, 2019 at 931.26
Smart Scan Analysis for SCHYE
Based on a pre-defined weighted trend formula for chart analysis, SCHYE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||987.89||52wk High Date||2017-12-06|
|52wk Low||843.71||52wk Low Date||2018-11-27|