Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
S&P 400 AUTO PARTS & EQUIPMENT SUB IND (CME:SP400-25101010)
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 SP400-25101010
The long term trend has been DOWN since Mar 1st, 2018 at 210.32
The intermediate term trend has been DOWN since Jun 22nd, 2018 at 204.82
The short term trend has been UP since Aug 17th, 2018 at 187.12
Smart Scan Analysis for SP400-25101010
Based on a pre-defined weighted trend formula for chart analysis, SP400-25101010 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||245.7||52wk High Date||2018-01-16|
|52wk Low||173.94||52wk Low Date||2017-08-23|