Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P China 500 (EUR) (CME:SPC500EP)
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 SPC500EP
The long term trend has been UP since Sep 12th, 2019 at 3529.55
The intermediate term trend has been DOWN since Jan 27th, 2020 at 3756.74
The short term trend has been DOWN since Jan 21st, 2020 at 3875.28
Smart Scan Analysis for SPC500EP
Based on a pre-defined weighted trend formula for chart analysis, SPC500EP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).