Index Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
S&P COMPOSITE 1500 - LIFE SCIENCES TOOL (CME:SP1500-35203010)
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 SP1500-35203010
The long term trend has been UP since Feb 1st, 2017 at 299.78
The intermediate term trend has been UP since Jun 6th, 2018 at 433.10
The short term trend has been DOWN since Jun 15th, 2018 at 436.11
Smart Scan Analysis for SP1500-35203010
Based on a pre-defined weighted trend formula for chart analysis, SP1500-35203010 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||442.34||52wk High Date||2018-06-13|
|52wk Low||351.42||52wk Low Date||2017-07-28|