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Index Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

S&P/TOPIX 150 Shariah (USD) (CME:SPSHTXU)

Countertrend Up (+85) - SPSHTXU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SPSHTXU?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPSHTXU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPSHTXU
Open High Low SPSHTXU Price Change
1441.02 1441.02 1441.02 1441.02 +6.68
Entry Signal

MarketClub’s Trade Triangles for SPSHTXU

long term up The long-term trend has been UP since Jun 1st, 2020 at 1293.50

intermediate term up The intermediate-term trend has been UP since Aug 12th, 2020 at 1372.25

short term down The short-term trend has been DOWN since Oct 22nd, 2020 at 1439.52

Smart Scan Analysis for SPSHTXU

Based on our trend formula, SPSHTXU is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPSHTXU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1441.02 1441.02 1441.02 1441.02 +6.68
Prev. Close Volume Bid Ask Time
1421.63 0 2020-10-23 03:04:12
52wk High1299.6852wk High Date2018-01-29
52wk Low1045.4252wk Low Date2018-10-26
Contract High217Contract High Date2013-10-18
Contract Low73Contract Low Date2013-08-15
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