Index Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
S&P Pan Asia BMI Telecommunication Services Sector (US Dollar) (CME:SPAU28)
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.
MarketClub’s Trade Triangles for SPAU28
The long term trend has been DOWN since May 20th, 2019 at 68.20
The intermediate term trend has been DOWN since May 5th, 2019 at 72.29
The short term trend has been DOWN since Jun 12th, 2019 at 67.51
Smart Scan Analysis for SPAU28
Based on a pre-defined weighted trend formula for chart analysis, SPAU28 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||75.58||52wk High Date||2018-01-29|
|52wk Low||61.47||52wk Low Date||2018-10-30|