Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P COMPOSITE 1500 MARINE INDUSTRY (CME:SP1500-203030)
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 SP1500-203030
The long term trend has been DOWN since Sep 7th, 2018 at 488.06
The intermediate term trend has been DOWN since Oct 11th, 2018 at 498.14
The short term trend has been UP since Oct 16th, 2018 at 510.80
Smart Scan Analysis for SP1500-203030
Based on a pre-defined weighted trend formula for chart analysis, SP1500-203030 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||565.3||52wk High Date||2018-06-05|
|52wk Low||384.29||52wk Low Date||2017-11-15|