Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
JPX/S&P CAPEX & Human Capital Index TR (CME:SPCHCJT)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SPCHCJT
The long term trend has been DOWN since Jun 2nd, 2019 at 1877.22
The intermediate term trend has been DOWN since Aug 1st, 2019 at 1932.32
The short term trend has been UP since Aug 18th, 2019 at 1876.07
Smart Scan Analysis for SPCHCJT
Based on a pre-defined weighted trend formula for chart analysis, SPCHCJT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).