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Index Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

S&P Asia 50 (CME:SPASIA50)

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.

CME_SPASIA50
Open High Low SPASIA50 Price Change
4712.47 4712.86 4708.01 4711.78 +21.55
Entry Signal

MarketClub’s Trade Triangles for SPASIA50

long term up The long term trend has been UP since Nov 1st, 2019 at 4678.83

intermediate term down The intermediate term trend has been DOWN since Nov 29th, 2019 at 4683.56

short term down The short term trend has been DOWN since Nov 29th, 2019 at 4743.66

Smart Scan Analysis for SPASIA50

Based on a pre-defined weighted trend formula for chart analysis, SPASIA50 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SPASIA50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4712.47 4712.86 4708.01 4711.78 +21.55
Prev. Close Volume Bid Ask Time
4690.23 0 2019-12-09 05:14:41
52wk High5615.252wk High Date2018-01-29
52wk Low4075.8952wk Low Date2018-10-26
Want to analyze S&P Asia 50 SPASIA50 or another symbol? Try our Free Index Trend Analysis Report.