Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
S&P China 500 (SGD) (CME:SPC500SP)
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 SPC500SP
The long term trend has been UP since Aug 28th, 2019 at 2801.22
The intermediate term trend has been UP since Aug 28th, 2019 at 2571.12
The short term trend has been UP since Sep 20th, 2019 at 2627.47
Smart Scan Analysis for SPC500SP
Based on a pre-defined weighted trend formula for chart analysis, SPC500SP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).