Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
S&P 400 WIRELESS TELECOM SERVICES (CME:SP400-501020)
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 SP400-501020
The long term trend has been UP since Aug 6th, 2018 at 216.92
The intermediate term trend has been DOWN since Dec 10th, 2018 at 253.53
The short term trend has been DOWN since Dec 4th, 2018 at 262.63
Smart Scan Analysis for SP400-501020
Based on a pre-defined weighted trend formula for chart analysis, SP400-501020 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||268.74||52wk High Date||2018-11-28|
|52wk Low||175.91||52wk Low Date||2018-02-09|