Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P Pan Asia BMI Telecommunication Services Sector (US Dollar) (CME:SPAU28)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Aug 1st, 2019 at 69.66
The short term trend has been UP since Aug 19th, 2019 at 67.14
Smart Scan Analysis for SPAU28
Based on a pre-defined weighted trend formula for chart analysis, SPAU28 scored -85 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|