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Index Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

S&P Nigeria Select Index (USD) (CME:SPNISUP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

CME_SPNISUP
Open High Low SPNISUP Price Change
81.30 81.30 80.35 80.35 -0.67
Entry Signal

MarketClub’s Trade Triangles for SPNISUP

long term down The long term trend has been DOWN since Jan 3rd, 2019 at 95.31

intermediate term down The intermediate term trend has been DOWN since Mar 12th, 2019 at 97.58

short term down The short term trend has been DOWN since Jul 1st, 2019 at 85.64

Smart Scan Analysis for SPNISUP

Based on a pre-defined weighted trend formula for chart analysis, SPNISUP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SPNISUP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.30 81.30 80.35 80.35 -0.67
Prev. Close Volume Bid Ask Time
91.74 0 2019-07-17 10:36:37
52wk High147.9752wk High Date2018-01-22
52wk Low93.6252wk Low Date2018-09-13
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