Index Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
S&P 400 MATERIALS INDUSTRY GROUP (CME:SP400-1510)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SP400-1510
The long term trend has been UP since Jun 7th, 2018 at 525.99
The intermediate term trend has been DOWN since Aug 10th, 2018 at 504.79
The short term trend has been DOWN since Sep 24th, 2018 at 509.67
Smart Scan Analysis for SP400-1510
Based on a pre-defined weighted trend formula for chart analysis, SP400-1510 scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||545.11||52wk High Date||2018-01-26|
|52wk Low||472.97||52wk Low Date||2018-02-09|