Index Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
S&P 500 INDUSTRIALS TRUST (CME:SP500-20TR)
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 SP500-20TR
The long term trend has been UP since Nov 9th, 2016 at 792.53
The intermediate term trend has been DOWN since Jul 27th, 2017 at 915.98
The short term trend has been DOWN since Aug 17th, 2017 at 913.26
Smart Scan Analysis for SP500-20TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-20TR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||936.66||52wk High Date||2017-07-14|
|52wk Low||753.64||52wk Low Date||2016-11-03|