Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P Pan Asia ex-JANZ Health Care 50 TR (CME:SPAXHCHT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPAXHCHT
The long term trend has been DOWN since May 8th, 2019 at 202.57
The intermediate term trend has been UP since Oct 15th, 2019 at 187.02
The short term trend has been UP since Oct 4th, 2019 at 181.19
Smart Scan Analysis for SPAXHCHT
Based on a pre-defined weighted trend formula for chart analysis, SPAXHCHT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).