Index Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
S&P Japan Mid Cap 100 (CME:SPJMID)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPJMID
The long term trend has been DOWN since May 10th, 2019 at 1630.37
The intermediate term trend has been DOWN since Jul 17th, 2019 at 1610.19
The short term trend has been DOWN since Aug 12th, 2019 at 1522.83
Smart Scan Analysis for SPJMID
Based on a pre-defined weighted trend formula for chart analysis, SPJMID scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2053.04||52wk High Date||2018-01-18|
|52wk Low||1690.35||52wk Low Date||2018-10-26|
|Contract High||0.0137||Contract High Date||2013-10-25|
|Contract Low||0.0115||Contract Low Date||2013-10-24|