Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
S&P MILA Andean Financials COP (CME:SPMLAFO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SPMLAFO
The long term trend has been DOWN since Oct 30th, 2019 at 373.46
The intermediate term trend has been DOWN since Oct 21st, 2019 at 386.28
The short term trend has been UP since Dec 5th, 2019 at 348.43
Smart Scan Analysis for SPMLAFO
Based on a pre-defined weighted trend formula for chart analysis, SPMLAFO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||371.17||52wk High Date||2018-01-30|
|52wk Low||316.81||52wk Low Date||2017-12-06|