Index Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
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 OMXSLCPI
The long term trend has been DOWN since Jun 3rd, 2019 at 165.52
The intermediate term trend has been DOWN since Jul 18th, 2019 at 175.61
The short term trend has been UP since Aug 19th, 2019 at 171.68
Smart Scan Analysis for OMXSLCPI
Based on a pre-defined weighted trend formula for chart analysis, OMXSLCPI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).