Index Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
S&P COMPOSITE 1500 RAILROADS SUB IND (CME:SP1500-20304010)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SP1500-20304010
The long term trend has been UP since Sep 15th, 2017 at 1511.09
The intermediate term trend has been DOWN since Dec 10th, 2018 at 1882.77
The short term trend has been DOWN since Dec 4th, 2018 at 1979.78
Smart Scan Analysis for SP1500-20304010
Based on a pre-defined weighted trend formula for chart analysis, SP1500-20304010 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2160.62||52wk High Date||2018-10-01|
|52wk Low||1541.81||52wk Low Date||2018-02-09|