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Index Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

S&P 400 - PHARMACEUTICALS INDUSTRY (CME:SP400-352020)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

CME_SP400-352020
Open High Low SP400-352020 Price Change
1291.51 1305.88 1279.15 1298.00 +6.91
Entry Signal

MarketClub’s Trade Triangles for SP400-352020

long term down The long term trend has been DOWN since Oct 4th, 2018 at 1275.23

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2018 at 1360.16

short term up The short term trend has been UP since Oct 16th, 2018 at 1275.57

Smart Scan Analysis for SP400-352020

Based on a pre-defined weighted trend formula for chart analysis, SP400-352020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SP400-352020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1291.51 1305.88 1279.15 1298.00 +6.91
Prev. Close Volume Bid Ask Time
1298 0 2018-10-17 16:05:09
52wk High1627.9852wk High Date2017-10-20
52wk Low1017.0252wk Low Date2018-05-03
Want to analyze S&P 400 - PHARMACEUTICALS INDUSTRY SP400-352020 or another symbol? Try our Free Index Trend Analysis Report.