Index Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
S&P TOPIX YEN USD (WM) (NTR) (CME:SPTOPIXUSDNTRWM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPTOPIXUSDNTRWM
The long term trend has been DOWN since Oct 21st, 2018 at 1990.76
The intermediate term trend has been DOWN since Feb 7th, 2019 at 1890.76
The short term trend has been UP since Feb 12th, 2019 at 1923.53
Smart Scan Analysis for SPTOPIXUSDNTRWM
Based on a pre-defined weighted trend formula for chart analysis, SPTOPIXUSDNTRWM scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2274.32||52wk High Date||2018-01-24|
|52wk Low||1886.94||52wk Low Date||2018-10-26|