Index Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
S&P/JPX GIVI Total Return Index USD (CME:SPVTOUT)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 SPVTOUT
The long term trend has been UP since Sep 13th, 2019 at 266.45
The intermediate term trend has been DOWN since Oct 9th, 2019 at 265.41
The short term trend has been UP since Oct 14th, 2019 at 267.35
Smart Scan Analysis for SPVTOUT
Based on a pre-defined weighted trend formula for chart analysis, SPVTOUT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).