Index Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
S&P/BOVESPA Inverse-Risk Weighted Index TR (CME:SPBRRWBT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPBRRWBT
The long term trend has been UP since Jun 4th, 2019 at 21641
The intermediate term trend has been DOWN since Aug 15th, 2019 at 23335
The short term trend has been DOWN since Aug 23rd, 2019 at 23420
Smart Scan Analysis for SPBRRWBT
Based on a pre-defined weighted trend formula for chart analysis, SPBRRWBT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).