Index Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
S&P Emerging Asia 40 Index (CME:SPEM40UP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SPEM40UP
The long term trend has been DOWN since May 13th, 2019 at 2565.01
The intermediate term trend has been UP since Jun 9th, 2019 at 2545.19
The short term trend has been DOWN since Jun 24th, 2019 at 2650.63
Smart Scan Analysis for SPEM40UP
Based on a pre-defined weighted trend formula for chart analysis, SPEM40UP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3010.21||52wk High Date||2018-01-29|
|52wk Low||2249.91||52wk Low Date||2018-10-30|