Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P 400 APPLICATION SOFTWARE SUB IND (CME:SP400-45103010)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SP400-45103010
The long term trend has been DOWN since Oct 10th, 2018 at 2217.85
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 2437.12
The short term trend has been UP since Nov 15th, 2018 at 2068.97
Smart Scan Analysis for SP400-45103010
Based on a pre-defined weighted trend formula for chart analysis, SP400-45103010 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2557.66||52wk High Date||2018-09-14|
|52wk Low||1830.82||52wk Low Date||2017-11-15|