Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
S&P COMPOSITE 1500 RETAILING INDUSTRY G (CME:SP1500-2550)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SP1500-2550
The long term trend has been UP since Oct 5th, 2017 at 1460.73
The intermediate term trend has been DOWN since Feb 5th, 2018 at 1752.46
The short term trend has been UP since Feb 14th, 2018 at 1777.22
Smart Scan Analysis for SP1500-2550
Based on a pre-defined weighted trend formula for chart analysis, SP1500-2550 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1894.59||52wk High Date||2018-01-31|
|52wk Low||1334.62||52wk Low Date||2017-03-27|