Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P Developed Ex-U.S. BMI (Capped) Information Technology (US Dollar) (CME:SPCBMICQWU45USD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPCBMICQWU45USD
The long term trend has been UP since Feb 5th, 2019 at 137.44
The intermediate term trend has been DOWN since Jul 31st, 2019 at 147.16
The short term trend has been UP since Aug 18th, 2019 at 142.11
Smart Scan Analysis for SPCBMICQWU45USD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMICQWU45USD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||160.19||52wk High Date||2018-01-29|
|52wk Low||125.6||52wk Low Date||2018-11-21|