Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
S&P COMPOSITE 1500 RAILROADS SUB IND (CME:SP1500-20304010)
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 SP1500-20304010
The long term trend has been UP since Sep 15th, 2017 at 1511.09
The intermediate term trend has been DOWN since Oct 16th, 2017 at 1513.31
The short term trend has been DOWN since Oct 16th, 2017 at 1513.46
Smart Scan Analysis for SP1500-20304010
Based on a pre-defined weighted trend formula for chart analysis, SP1500-20304010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1564.22||52wk High Date||2017-09-28|
|52wk Low||1083.4||52wk Low Date||2016-11-01|