Index Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
S&P EMERGING ASIA 40 INDEX (CME:SPEM40UP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPEM40UP
The long term trend has been UP since Dec 17th, 2018 at 2560.30
The intermediate term trend has been UP since Jan 16th, 2019 at 2514.11
The short term trend has been DOWN since Apr 22nd, 2019 at 2698.23
Smart Scan Analysis for SPEM40UP
Based on a pre-defined weighted trend formula for chart analysis, SPEM40UP scored +85 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|