Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P COMPOSITE 1500 TRADING COMPANIES (CME:SP1500-201070)
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.
MarketClub’s Trade Triangles for SP1500-201070
The long term trend has been DOWN since Oct 16th, 2018 at 864.25
The intermediate term trend has been DOWN since Oct 5th, 2018 at 974.02
The short term trend has been DOWN since Oct 4th, 2018 at 985.39
Smart Scan Analysis for SP1500-201070
Based on a pre-defined weighted trend formula for chart analysis, SP1500-201070 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1019.22||52wk High Date||2018-09-21|
|52wk Low||743.85||52wk Low Date||2017-10-25|