Index Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
S&P 400 SEMICONDUCTOR EQUIPMENT SUB INC (CME:SP400-45301010)
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 SP400-45301010
The long term trend has been DOWN since Apr 25th, 2018 at 655.52
The intermediate term trend has been DOWN since Aug 15th, 2018 at 678.68
The short term trend has been UP since Sep 20th, 2018 at 631.95
Smart Scan Analysis for SP400-45301010
Based on a pre-defined weighted trend formula for chart analysis, SP400-45301010 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||839.97||52wk High Date||2018-03-13|
|52wk Low||614.75||52wk Low Date||2018-09-19|