Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P 500 TIRES & RUBBER SUB IND (CME:SP500-25101020)
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 SP500-25101020
The long term trend has been DOWN since Mar 1st, 2018 at 94.45
The intermediate term trend has been DOWN since Jan 15th, 2019 at 61.57
The short term trend has been DOWN since Jan 15th, 2019 at 69.14
Smart Scan Analysis for SP500-25101020
Based on a pre-defined weighted trend formula for chart analysis, SP500-25101020 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||118.2||52wk High Date||2018-01-29|
|52wk Low||63.08||52wk Low Date||2018-10-26|