Index Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
S&P 500 MOVIES & ENTERTAINMENT SUB IND (CME:SP500-25401030)
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 SP500-25401030
The long term trend has been UP since Dec 4th, 2017 at 386.06
The intermediate term trend has been UP since Nov 7th, 2017 at 374.11
The short term trend has been DOWN since Jan 19th, 2018 at 405.53
Smart Scan Analysis for SP500-25401030
Based on a pre-defined weighted trend formula for chart analysis, SP500-25401030 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||419.43||52wk High Date||2017-04-26|
|52wk Low||355.71||52wk Low Date||2017-11-06|