Index Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
S&P 500 MATERIALS (CME:SP500-15)
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 SP500-15
The long term trend has been DOWN since Feb 9th, 2018 at 357.97
The intermediate term trend has been DOWN since Aug 13th, 2018 at 362.87
The short term trend has been UP since Aug 20th, 2018 at 366.86
Smart Scan Analysis for SP500-15
Based on a pre-defined weighted trend formula for chart analysis, SP500-15 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||402.11||52wk High Date||2018-01-26|
|52wk Low||335.63||52wk Low Date||2017-08-21|