Index Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
S&P China A 300 Index (CNY) (CME:SPC300)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SPC300
The long term trend has been UP since Apr 1st, 2019 at 3462.87
The intermediate term trend has been UP since Dec 13th, 2019 at 3427.87
The short term trend has been DOWN since Jan 16th, 2020 at 3618.89
Smart Scan Analysis for SPC300
Based on a pre-defined weighted trend formula for chart analysis, SPC300 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3857.4||52wk High Date||2018-01-26|
|52wk Low||2655.34||52wk Low Date||2018-10-19|