Index Trend Analysis Report
Prepared for you on Saturday, May 26, 2018.
S&P 400 CONSUMER DISCRETIONARY (CME:SP400-25)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 SP400-25
The long term trend has been DOWN since Apr 2nd, 2018 at 744.63
The intermediate term trend has been UP since May 16th, 2018 at 771.19
The short term trend has been DOWN since May 22nd, 2018 at 772.86
Smart Scan Analysis for SP400-25
Based on a pre-defined weighted trend formula for chart analysis, SP400-25 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||848.95||52wk High Date||2018-01-24|
|52wk Low||678.23||52wk Low Date||2017-08-29|