Index Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
S&P China 500 (SGD) (CME:SPC500SP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPC500SP
The long term trend has been UP since Aug 28th, 2019 at 2801.22
The intermediate term trend has been DOWN since Jan 24th, 2020 at 2785.66
The short term trend has been UP since Feb 5th, 2020 at 2749.16
Smart Scan Analysis for SPC500SP
Based on a pre-defined weighted trend formula for chart analysis, SPC500SP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).