Index Trend Analysis Report
Prepared for you on Monday, July 23, 2018.
S&P COMPOSITE 1500 - COMMERCIAL & PROFE (CME:SP1500-2020)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP1500-2020
The long term trend has been UP since Jun 6th, 2018 at 406.75
The intermediate term trend has been UP since Jul 6th, 2018 at 414.27
The short term trend has been DOWN since Jul 20th, 2018 at 412.88
Smart Scan Analysis for SP1500-2020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-2020 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||419.74||52wk High Date||2018-07-13|
|52wk Low||355.02||52wk Low Date||2017-09-14|