Index Trend Analysis Report
Prepared for you on Friday, April 20, 2018.
S&P 500 TRADING COMPANIES & DISTRIBUTOR (CME:SP500-20107010)
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 SP500-20107010
The long term trend has been UP since Sep 18th, 2017 at 396.12
The intermediate term trend has been DOWN since Apr 2nd, 2018 at 538.21
The short term trend has been DOWN since Apr 19th, 2018 at 534.49
Smart Scan Analysis for SP500-20107010
Based on a pre-defined weighted trend formula for chart analysis, SP500-20107010 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||584.53||52wk High Date||2018-03-16|
|52wk Low||353.35||52wk Low Date||2017-08-21|