Index Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
S&P China A 300 Industrials Index (CNY) (CME:SPC30020)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SPC30020
The long term trend has been DOWN since Jun 5th, 2019 at 2002.16
The intermediate term trend has been DOWN since Jul 14th, 2019 at 2068.93
The short term trend has been DOWN since Aug 22nd, 2019 at 1994.56
Smart Scan Analysis for SPC30020
Based on a pre-defined weighted trend formula for chart analysis, SPC30020 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2649.07||52wk High Date||2018-01-26|
|52wk Low||1716.72||52wk Low Date||2018-10-19|