Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P COMPOSITE 1500 INFORMATION TECH (CME:SP1500-45)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SP1500-45
The long term trend has been DOWN since Oct 11th, 2018 at 1234.53
The intermediate term trend has been DOWN since Oct 5th, 2018 at 1315.77
The short term trend has been UP since Oct 16th, 2018 at 1269.40
Smart Scan Analysis for SP1500-45
Based on a pre-defined weighted trend formula for chart analysis, SP1500-45 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1365.99||52wk High Date||2018-08-30|
|52wk Low||1076.1||52wk Low Date||2017-10-25|