Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 OMXSLCPI
The long term trend has been UP since Sep 12th, 2019 at 181.66
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 188.18
The short term trend has been DOWN since Nov 29th, 2019 at 190.29
Smart Scan Analysis for OMXSLCPI
Based on a pre-defined weighted trend formula for chart analysis, OMXSLCPI scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).