Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P 400 ENERGY EQUIPMENT & SERVICES IND (CME:SP400-101010)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Oct 3rd, 2018 at 632.02
The intermediate term trend has been DOWN since Oct 18th, 2018 at 578.04
The short term trend has been DOWN since Oct 10th, 2018 at 612.30
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||470.41||52wk Low Date||2018-02-09|