Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
S&P BRIC 40 Index (CME:SPBRIC)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPBRIC
The long term trend has been DOWN since May 13th, 2019 at 2733.94
The intermediate term trend has been UP since Sep 4th, 2019 at 2652.48
The short term trend has been DOWN since Sep 17th, 2019 at 2739.75
Smart Scan Analysis for SPBRIC
Based on a pre-defined weighted trend formula for chart analysis, SPBRIC scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3391.3||52wk High Date||2018-01-29|
|52wk Low||2441.03||52wk Low Date||2018-10-30|