Index Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
S&P COMPOSITE 1500 HOMEBUILDING SUB IND (CME:SP1500-25201030)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Nov 6th, 2018 at 642.01
The short term trend has been DOWN since Dec 4th, 2018 at 625.26
Smart Scan Analysis for SP1500-25201030
Based on a pre-defined weighted trend formula for chart analysis, SP1500-25201030 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||959.39||52wk High Date||2018-01-24|
|52wk Low||564.89||52wk Low Date||2018-10-23|