Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P Emerging Asia 40 Index EUR (CME:SPEM40EP)
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 SPEM40EP
The long term trend has been DOWN since May 13th, 2019 at 2745.98
The intermediate term trend has been DOWN since Aug 1st, 2019 at 2842.12
The short term trend has been UP since Aug 16th, 2019 at 2698.38
Smart Scan Analysis for SPEM40EP
Based on a pre-defined weighted trend formula for chart analysis, SPEM40EP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2937.83||52wk High Date||2018-01-29|
|52wk Low||2385.81||52wk Low Date||2018-10-11|