Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P Japan 500 Buyback Index Net TR (CME:SPJBJN)
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 SPJBJN
The long term trend has been UP since Sep 12th, 2019 at 201.69
The intermediate term trend has been UP since Sep 4th, 2019 at 190.14
The short term trend has been DOWN since Dec 2nd, 2019 at 215.98
Smart Scan Analysis for SPJBJN
Based on a pre-defined weighted trend formula for chart analysis, SPJBJN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).