Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
S&P 500 - COMMERCIAL & PROFESSIONAL SER (CME:SP500-2020)
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 SP500-2020
The long term trend has been DOWN since Sep 14th, 2017 at 241.53
The intermediate term trend has been UP since Oct 26th, 2017 at 249.32
The short term trend has been DOWN since Nov 24th, 2017 at 246.48
Smart Scan Analysis for SP500-2020
Based on a pre-defined weighted trend formula for chart analysis, SP500-2020 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||255.69||52wk High Date||2017-08-01|
|52wk Low||231.02||52wk Low Date||2016-12-01|