Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
S&P 400 WIRELESS TELECOM SERVICES (CME:SP400-501020)
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 SP400-501020
The long term trend has been DOWN since Sep 8th, 2017 at 201.56
The intermediate term trend has been DOWN since Nov 3rd, 2017 at 206.93
The short term trend has been UP since Nov 16th, 2017 at 189.70
Smart Scan Analysis for SP400-501020
Based on a pre-defined weighted trend formula for chart analysis, SP400-501020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||245.85||52wk High Date||2017-02-23|
|52wk Low||183.29||52wk Low Date||2017-11-08|