Index Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
S&P China 500 (EUR) (CME:SPC500EP)
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 SPC500EP
The long term trend has been DOWN since Jun 3rd, 2019 at 3227.86
The intermediate term trend has been DOWN since Aug 1st, 2019 at 3372.26
The short term trend has been UP since Aug 23rd, 2019 at 3364.02
Smart Scan Analysis for SPC500EP
Based on a pre-defined weighted trend formula for chart analysis, SPC500EP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).