Index Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
S&P NEXT EMERGING 40 INDEX (CME:SPN40PU)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SPN40PU
The long term trend has been UP since Jan 25th, 2019 at 93.14
The intermediate term trend has been DOWN since Feb 11th, 2019 at 91.53
The short term trend has been UP since Mar 11th, 2019 at 88.67
Smart Scan Analysis for SPN40PU
Based on a pre-defined weighted trend formula for chart analysis, SPN40PU scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||112.19||52wk High Date||2018-01-29|
|52wk Low||82.4||52wk Low Date||2018-10-29|