Index Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
S&P Southeast Asia 40 Index (Net TR) (CME:SPSEA4UN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPSEA4UN
The long term trend has been UP since Jun 9th, 2019 at 842.62
The intermediate term trend has been DOWN since Jul 26th, 2019 at 869.35
The short term trend has been DOWN since Aug 21st, 2019 at 822.06
Smart Scan Analysis for SPSEA4UN
Based on a pre-defined weighted trend formula for chart analysis, SPSEA4UN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||909.81||52wk High Date||2018-01-29|
|52wk Low||733.96||52wk Low Date||2018-10-25|