Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
S&P 400 TEXTILES APPAREL & LUXURY GOODS (CME:SP400-252030)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SP400-252030
The long term trend has been DOWN since Apr 2nd, 2018 at 2235.11
The intermediate term trend has been UP since Oct 19th, 2018 at 2136.55
The short term trend has been UP since Oct 16th, 2018 at 1985.80
Smart Scan Analysis for SP400-252030
Based on a pre-defined weighted trend formula for chart analysis, SP400-252030 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2512.18||52wk High Date||2018-02-26|
|52wk Low||1689.38||52wk Low Date||2017-10-19|