Index Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
S&P Southeast Asia 40 Index (CME:SPSEA4DP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPSEA4DP
The long term trend has been DOWN since May 8th, 2019 at 514.34
The intermediate term trend has been UP since Jun 2nd, 2019 at 515.70
The short term trend has been DOWN since Jun 14th, 2019 at 523.59
Smart Scan Analysis for SPSEA4DP
Based on a pre-defined weighted trend formula for chart analysis, SPSEA4DP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||591.7||52wk High Date||2018-01-29|
|52wk Low||466.94||52wk Low Date||2018-10-25|