Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
S&P COMPOSITE 1500 - HEAVY ELEESTRICAL E (CME:SP1500-20104020)
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 SP1500-20104020
The long term trend has been DOWN since Mar 9th, 2017 at 525.98
The intermediate term trend has been DOWN since Nov 7th, 2017 at 422.99
The short term trend has been UP since Nov 17th, 2017 at 411.95
Smart Scan Analysis for SP1500-20104020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-20104020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||622.53||52wk High Date||2016-12-07|
|52wk Low||397.01||52wk Low Date||2017-11-15|