Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
S&P COMPOSITE 1500 HOMEBUILDING SUB IND (CME:SP1500-25201030)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP1500-25201030
The long term trend has been DOWN since Feb 6th, 2018 at 789.77
The intermediate term trend has been UP since Jul 17th, 2018 at 783.77
The short term trend has been UP since Jul 16th, 2018 at 778.53
Smart Scan Analysis for SP1500-25201030
Based on a pre-defined weighted trend formula for chart analysis, SP1500-25201030 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||959.39||52wk High Date||2018-01-24|
|52wk Low||658.8||52wk Low Date||2017-08-29|