Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P United Arab Emirates LargeMidCap (Local Currency) Net Total Return (CME:SPUALMLN)
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 SPUALMLN
The long term trend has been DOWN since Oct 2nd, 2019 at 79.62
The intermediate term trend has been DOWN since Nov 4th, 2019 at 79.67
The short term trend has been UP since Dec 4th, 2019 at 78.63
Smart Scan Analysis for SPUALMLN
Based on a pre-defined weighted trend formula for chart analysis, SPUALMLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).