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Index Trend Analysis Report

Prepared for you on Thursday, August 16, 2018.

S&P COMPOSITE 1500 STEEL SUB IND (CME:SP1500-15104050)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

CME_SP1500-15104050
Open High Low SP1500-15104050 Price Change
171.35 174.03 170.84 172.86 +3.00
Entry Signal

MarketClub’s Trade Triangles for SP1500-15104050

long term down The long term trend has been DOWN since Aug 15th, 2018 at 171.26

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2018 at 181.65

short term down The short term trend has been DOWN since Aug 8th, 2018 at 178.80

Smart Scan Analysis for SP1500-15104050

Based on a pre-defined weighted trend formula for chart analysis, SP1500-15104050 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SP1500-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
171.35 174.03 170.84 172.86 +3.00
Prev. Close Volume Bid Ask Time
169.86 0 2018-08-16 16:01:27
52wk High202.2552wk High Date2018-02-20
52wk Low144.1952wk Low Date2017-08-21
Want to analyze S&P COMPOSITE 1500 STEEL SUB IND SP1500-15104050 or another symbol? Try our Free Index Trend Analysis Report.