Index Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
S&P COMPOSITE 1500 WIRELESS TELECOMMUNI (CME:SP1500-501020)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SP1500-501020
The long term trend has been DOWN since Sep 7th, 2017 at 248.49
The intermediate term trend has been UP since Oct 3rd, 2017 at 256.07
The short term trend has been DOWN since Oct 12th, 2017 at 259.33
Smart Scan Analysis for SP1500-501020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-501020 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||300.79||52wk High Date||2017-02-23|
|52wk Low||225.23||52wk Low Date||2016-11-04|