Index Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
S&P CITIGROUP BMI MDLE EAST & AFRICA INDEX (CME:SPCBMIRMEUSD)
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 SPCBMIRMEUSD
The long term trend has been UP since Dec 17th, 2018 at 256.87
The intermediate term trend has been DOWN since Feb 11th, 2019 at 254.96
The short term trend has been UP since Feb 18th, 2019 at 251.55
Smart Scan Analysis for SPCBMIRMEUSD
Based on a pre-defined weighted trend formula for chart analysis, SPCBMIRMEUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||333.87||52wk High Date||2018-01-26|
|52wk Low||225.55||52wk Low Date||2018-10-25|