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Index Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

S&P 400 CHEMICALS INDUSTRY (CME:SP400-151010)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

CME_SP400-151010
Open High Low SP400-151010 Price Change
535.27 536.00 527.29 530.61 -4.91
Entry Signal

MarketClub’s Trade Triangles for SP400-151010

long term down The long term trend has been DOWN since Oct 4th, 2018 at 574.71

intermediate term down The intermediate term trend has been DOWN since Sep 11th, 2018 at 590.20

short term up The short term trend has been UP since Oct 16th, 2018 at 534.73

Smart Scan Analysis for SP400-151010

Based on a pre-defined weighted trend formula for chart analysis, SP400-151010 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SP400-151010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
535.27 536.00 527.29 530.61 -4.91
Prev. Close Volume Bid Ask Time
535.52 0 2018-10-17 16:02:09
52wk High640.4452wk High Date2018-01-25
52wk Low518.8252wk Low Date2018-10-12
Want to analyze S&P 400 CHEMICALS INDUSTRY SP400-151010 or another symbol? Try our Free Index Trend Analysis Report.