Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
S&P COMPOSITE 1500 - HEAVY ELEESTRICAL E (CME:SP1500-20104020)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jul 3rd, 2018 at 431.26
The intermediate term trend has been DOWN since Sep 18th, 2018 at 485.06
The short term trend has been DOWN since Oct 18th, 2018 at 415.82
Smart Scan Analysis for SP1500-20104020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-20104020 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||514.94||52wk High Date||2018-07-20|
|52wk Low||363.22||52wk Low Date||2018-05-15|