Index Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
S&P 400 THRIFTS & MTG FINANCE INDUSTRIES (CME:SP400-401020)
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.
MarketClub’s Trade Triangles for SP400-401020
The long term trend has been DOWN since Apr 2nd, 2018 at 53.35
The intermediate term trend has been DOWN since Jun 13th, 2018 at 47.31
The short term trend has been UP since Jun 19th, 2018 at 48.07
Smart Scan Analysis for SP400-401020
Based on a pre-defined weighted trend formula for chart analysis, SP400-401020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||59.31||52wk High Date||2018-03-16|
|52wk Low||46.52||52wk Low Date||2018-05-01|