Index Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
S&P MILA Andean 40 Index COP (CME:SPMILAO)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SPMILAO
The long term trend has been DOWN since May 9th, 2019 at 906.23
The intermediate term trend has been UP since Jun 3rd, 2019 at 887.49
The short term trend has been DOWN since Jul 18th, 2019 at 905.00
Smart Scan Analysis for SPMILAO
Based on a pre-defined weighted trend formula for chart analysis, SPMILAO scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||981.9||52wk High Date||2018-01-30|
|52wk Low||838.9||52wk Low Date||2018-09-11|