Index Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
S&P COMPOSITE 1500 INFORMATION TECH (CME:SP1500-45)
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 SP1500-45
The long term trend has been UP since Feb 26th, 2018 at 1233.68
The intermediate term trend has been UP since Feb 26th, 2018 at 1217.61
The short term trend has been DOWN since Mar 14th, 2018 at 1243.72
Smart Scan Analysis for SP1500-45
Based on a pre-defined weighted trend formula for chart analysis, SP1500-45 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1275.16||52wk High Date||2018-03-13|
|52wk Low||916.06||52wk Low Date||2017-04-13|