Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P Japan Small Cap 250 Index (CME:SPJSML)
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 SPJSML
The long term trend has been DOWN since Feb 9th, 2018 at 3075.50
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 2624.89
The short term trend has been UP since Aug 18th, 2019 at 2553.06
Smart Scan Analysis for SPJSML
Based on a pre-defined weighted trend formula for chart analysis, SPJSML scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3379.12||52wk High Date||2018-01-24|
|52wk Low||2744.41||52wk Low Date||2018-10-26|