Index Trend Analysis Report
Prepared for you on Saturday, August 19, 2017.
S&P 500 CASH (CME:SP500)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SP500
The long term trend has been UP since Nov 21st, 2016 at 2193.81
The intermediate term trend has been DOWN since Aug 10th, 2017 at 2450.34
The short term trend has been DOWN since Aug 17th, 2017 at 2454.96
Smart Scan Analysis for SP500
Based on a pre-defined weighted trend formula for chart analysis, SP500 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2490.87||52wk High Date||2017-08-08|
|52wk Low||2083.79||52wk Low Date||2016-11-04|