Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
S&P 400 MATERIALS INDUSTRY GROUP (CME:SP400-1510)
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 SP400-1510
The long term trend has been UP since Jun 7th, 2018 at 525.99
The intermediate term trend has been UP since Jul 10th, 2018 at 514.80
The short term trend has been DOWN since Jul 16th, 2018 at 506.61
Smart Scan Analysis for SP400-1510
Based on a pre-defined weighted trend formula for chart analysis, SP400-1510 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||545.11||52wk High Date||2018-01-26|
|52wk Low||447.25||52wk Low Date||2017-08-11|