Index Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
S&P/JPX Dividend Aristocrats Index TR (CME:SPJXDAJT)
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 SPJXDAJT
The long term trend has been DOWN since May 7th, 2019 at 239.10
The intermediate term trend has been UP since Jun 9th, 2019 at 235.53
The short term trend has been DOWN since Jul 15th, 2019 at 240.25
Smart Scan Analysis for SPJXDAJT
Based on a pre-defined weighted trend formula for chart analysis, SPJXDAJT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).