Index Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
S&P PAN ASIA BMI FINANCIALS (US DOLLAR) (CME:SPAU11)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPAU11
The long term trend has been DOWN since Dec 20th, 2018 at 126.78
The intermediate term trend has been UP since Jan 14th, 2019 at 131.75
The short term trend has been UP since Mar 13th, 2019 at 136.79
Smart Scan Analysis for SPAU11
Based on a pre-defined weighted trend formula for chart analysis, SPAU11 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||166.99||52wk High Date||2018-01-29|
|52wk Low||126.78||52wk Low Date||2018-10-26|