Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
S&P 500 CASH (CME:SP500)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP500
The long term trend has been UP since Nov 21st, 2016 at 2193.81
The intermediate term trend has been UP since Sep 11th, 2017 at 2480.38
The short term trend has been DOWN since Oct 19th, 2017 at 2552.64
Smart Scan Analysis for SP500
Based on a pre-defined weighted trend formula for chart analysis, SP500 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2564.11||52wk High Date||2017-10-18|
|52wk Low||2083.79||52wk Low Date||2016-11-04|