Index Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
S&P COMPOSITE 1500 TIRES & RUBBER SUB I (CME:SP1500-25101020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP1500-25101020
The long term trend has been UP since Dec 18th, 2018 at 87.79
The intermediate term trend has been UP since Jan 14th, 2019 at 80.72
The short term trend has been DOWN since Jan 15th, 2019 at 78.33
Smart Scan Analysis for SP1500-25101020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-25101020 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||124.42||52wk High Date||2018-01-24|
|52wk Low||68.42||52wk Low Date||2018-10-26|