Index Trend Analysis Report
Prepared for you on Sunday, December 17, 2017.
S&P COMPOSITE 1500 INFORMATION TECH (CME:SP1500-45)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 1st, 2016 at 762.36
The intermediate term trend has been UP since Dec 6th, 2017 at 1157.59
The short term trend has been UP since Dec 6th, 2017 at 1136.39
Smart Scan Analysis for SP1500-45
Based on a pre-defined weighted trend formula for chart analysis, SP1500-45 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1182.49||52wk High Date||2017-12-06|
|52wk Low||836.01||52wk Low Date||2016-12-30|