Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
S&P COMPOSITE 1500 HOMEBUILDING SUB IND (CME:SP1500-25201030)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP1500-25201030
The long term trend has been DOWN since Feb 6th, 2018 at 789.77
The intermediate term trend has been DOWN since Sep 7th, 2018 at 722.25
The short term trend has been DOWN since Sep 20th, 2018 at 723.77
Smart Scan Analysis for SP1500-25201030
Based on a pre-defined weighted trend formula for chart analysis, SP1500-25201030 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||959.39||52wk High Date||2018-01-24|
|52wk Low||683.06||52wk Low Date||2017-09-25|