Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
S&P 500 TRANS (CME:SP500-2030TR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Sep 11th, 2017 at 916.22
The short term trend has been DOWN since Oct 16th, 2017 at 970.12
Smart Scan Analysis for SP500-2030TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-2030TR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||986.59||52wk High Date||2017-10-13|
|52wk Low||735.05||52wk Low Date||2016-10-26|