Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
S&P/JPX Dividend Aristocrats Index (USD) PR (CME:SPJXDAUP)
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 SPJXDAUP
The long term trend has been UP since Sep 23rd, 2019 at 183.13
The intermediate term trend has been UP since Jan 7th, 2020 at 197.60
The short term trend has been UP since Jan 7th, 2020 at 196.81
Smart Scan Analysis for SPJXDAUP
Based on a pre-defined weighted trend formula for chart analysis, SPJXDAUP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).