Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P AFE 40 (CME:SPAFEUP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPAFEUP
The long term trend has been DOWN since May 14th, 2019 at 64.57
The intermediate term trend has been DOWN since Aug 5th, 2019 at 68.53
The short term trend has been DOWN since Sep 9th, 2019 at 65.53
Smart Scan Analysis for SPAFEUP
Based on a pre-defined weighted trend formula for chart analysis, SPAFEUP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||64.1||52wk High Date||2018-08-08|
|52wk Low||54.26||52wk Low Date||2017-12-11|