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Index Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

S&P Asia 50 (CME:SPASIA50)

Long-Term Downtrend (-90) - SPASIA50 is in a strong downtrend that is likely to continue. While SPASIA50 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SPASIA50?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPASIA50.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPASIA50
Open High Low SPASIA50 Price Change
4507.51 4518.86 4505.63 4518.07 +3.08
Entry Signal

MarketClub’s Trade Triangles for SPASIA50

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 4615.84

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2020 at 4456.80

short term down The short-term trend has been DOWN since May 22nd, 2020 at 4617.12

Smart Scan Analysis for SPASIA50

Based on our trend formula, SPASIA50 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPASIA50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4507.51 4518.86 4505.63 4518.07 +3.08
Prev. Close Volume Bid Ask Time
4243.61 0 2020-05-29 05:30:00
52wk High5615.252wk High Date2018-01-29
52wk Low4075.8952wk Low Date2018-10-26
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