Index Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
S&P 500 TRANS (CME:SP500-2030TR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SP500-2030TR
The long term trend has been UP since Jul 14th, 2016 at 742.55
The intermediate term trend has been UP since Feb 26th, 2018 at 1044.14
The short term trend has been DOWN since Mar 19th, 2018 at 1040.58
Smart Scan Analysis for SP500-2030TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-2030TR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1142.73||52wk High Date||2018-01-16|
|52wk Low||848.53||52wk Low Date||2017-03-27|