Index Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
S&P COMPOSITE 1500 COMMUNICATIONS EQUIPMENT (CME:SP1500-45201020)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP1500-45201020
The long term trend has been UP since Sep 22nd, 2017 at 180.49
The intermediate term trend has been UP since Apr 17th, 2018 at 228.68
The short term trend has been DOWN since Apr 20th, 2018 at 226.22
Smart Scan Analysis for SP1500-45201020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-45201020 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||237.95||52wk High Date||2018-03-13|
|52wk Low||168.68||52wk Low Date||2017-08-21|