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Index Trend Analysis Report

Prepared for you on Thursday, November 21, 2019.

S&P Africa 40 Index (CME:SPAFRUP)

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.

Open High Low SPAFRUP Price Change
171.17 172.03 170.70 171.17 -0.63
Entry Signal

MarketClub’s Trade Triangles for SPAFRUP

long term down The long term trend has been DOWN since Oct 3rd, 2019 at 168.14

intermediate term up The intermediate term trend has been UP since Oct 28th, 2019 at 172.84

short term down The short term trend has been DOWN since Nov 20th, 2019 at 170.63

Smart Scan Analysis for SPAFRUP

Based on a pre-defined weighted trend formula for chart analysis, SPAFRUP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for SPAFRUP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
171.17 172.03 170.70 171.17 -0.63
Prev. Close Volume Bid Ask Time
170.91 0 2019-11-21 20:29:26
52wk High222.9852wk High Date2018-01-25
52wk Low158.4252wk Low Date2018-11-14
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