Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P 500 METALS & MINING INDUSTRY (CME:SP500-151040)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SP500-151040
The long term trend has been DOWN since Dec 18th, 2018 at 91.56
The intermediate term trend has been UP since Jan 18th, 2019 at 99.26
The short term trend has been UP since Jan 17th, 2019 at 97.02
Smart Scan Analysis for SP500-151040
Based on a pre-defined weighted trend formula for chart analysis, SP500-151040 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||136.05||52wk High Date||2018-01-25|
|52wk Low||91.56||52wk Low Date||2018-10-25|