Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
S&P/JPX GIVI Total Return Index USD (CME:SPVTOUT)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since May 8th, 2019 at 254.13
The intermediate term trend has been UP since Jun 5th, 2019 at 257.19
The short term trend has been DOWN since Jul 16th, 2019 at 262.49
Smart Scan Analysis for SPVTOUT
Based on a pre-defined weighted trend formula for chart analysis, SPVTOUT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).