Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
S&P 400 CHEMICALS INDUSTRY (CME:SP400-151010)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SP400-151010
The long term trend has been UP since Jul 9th, 2018 at 598.92
The intermediate term trend has been DOWN since Aug 13th, 2018 at 589.09
The short term trend has been DOWN since Aug 2nd, 2018 at 596.53
Smart Scan Analysis for SP400-151010
Based on a pre-defined weighted trend formula for chart analysis, SP400-151010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||640.44||52wk High Date||2018-01-25|
|52wk Low||543.65||52wk Low Date||2018-05-01|