Index Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
S&P 500 INDUSTRIALS TRUST (CME:SP500-20TR)
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 SP500-20TR
The long term trend has been UP since Nov 9th, 2016 at 792.53
The intermediate term trend has been UP since Nov 28th, 2017 at 966.44
The short term trend has been DOWN since Dec 14th, 2017 at 994.26
Smart Scan Analysis for SP500-20TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-20TR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1006.23||52wk High Date||2017-12-13|
|52wk Low||835.97||52wk Low Date||2016-12-30|