Future Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
S&P 500 INDEX Sep 2018 (CME:SP.U18)
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 SP.U18
The long term trend has been UP since Nov 17th, 2016 at 2175.0
The intermediate term trend has been DOWN since Aug 10th, 2017 at 2442.7
The short term trend has been DOWN since Aug 17th, 2017 at 2456.3
Smart Scan Analysis for SP.U18
Based on a pre-defined weighted trend formula for chart analysis, SP.U18 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2455||Contract High Date||2017-08-09|
|Contract Low||2454.3||Contract Low Date||2017-07-17|