Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
S&P 400 MEDIA INDUSTRY GROUP (CME:SP400-2540)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for SP400-2540
The long term trend has been UP since Jul 5th, 2018 at 187.14
The intermediate term trend has been UP since Jun 8th, 2018 at 176.71
The short term trend has been DOWN since Jul 16th, 2018 at 189.21
Smart Scan Analysis for SP400-2540
Based on a pre-defined weighted trend formula for chart analysis, SP400-2540 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||192.62||52wk High Date||2018-07-13|
|52wk Low||162.21||52wk Low Date||2017-11-03|