Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
S&P COMPOSITE 1500 - TECH DISTRIBUTORS (CME:SP1500-45203030)
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 SP1500-45203030
The long term trend has been UP since Oct 2nd, 2017 at 397.68
The intermediate term trend has been UP since Sep 25th, 2017 at 380.46
The short term trend has been DOWN since Oct 17th, 2017 at 403.82
Smart Scan Analysis for SP1500-45203030
Based on a pre-defined weighted trend formula for chart analysis, SP1500-45203030 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||407.57||52wk High Date||2017-10-16|
|52wk Low||324.19||52wk Low Date||2016-11-04|