Index Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
S&P 400 ENERGY EQUIPMENT & SERVICES IND (CME:SP400-101010)
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 SP400-101010
The long term trend has been DOWN since Dec 19th, 2018 at 336.50
The intermediate term trend has been UP since Jan 14th, 2019 at 378.02
The short term trend has been UP since Dec 28th, 2018 at 311.65
Smart Scan Analysis for SP400-101010
Based on a pre-defined weighted trend formula for chart analysis, SP400-101010 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||674.84||52wk High Date||2018-05-17|
|52wk Low||415.42||52wk Low Date||2018-11-28|