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.
MarketClub’s Trade Triangles for SPASIA50
The long term trend has been UP since Nov 1st, 2019 at 4678.83
The intermediate term trend has been DOWN since Nov 29th, 2019 at 4683.56
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).
|52wk High||5615.2||52wk High Date||2018-01-29|
|52wk Low||4075.89||52wk Low Date||2018-10-26|