Index Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
S&P 400 - PHARMACEUTICALS INDUSTRY (CME:SP400-352020)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SP400-352020
The long term trend has been DOWN since Aug 4th, 2017 at 1664.81
The intermediate term trend has been DOWN since Jan 19th, 2018 at 1469.37
The short term trend has been DOWN since Jan 18th, 2018 at 1502.88
Smart Scan Analysis for SP400-352020
Based on a pre-defined weighted trend formula for chart analysis, SP400-352020 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1874.03||52wk High Date||2017-06-08|
|52wk Low||1361.88||52wk Low Date||2017-11-09|