Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P 500 APPAREL RETAIL SUB IND (CME:SP500-25504010)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SP500-25504010
The long term trend has been UP since Oct 6th, 2017 at 1313.60
The intermediate term trend has been UP since Oct 30th, 2018 at 1814.64
The short term trend has been DOWN since Nov 13th, 2018 at 1817.65
Smart Scan Analysis for SP500-25504010
Based on a pre-defined weighted trend formula for chart analysis, SP500-25504010 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1860.12||52wk High Date||2018-11-12|
|52wk Low||1242.28||52wk Low Date||2017-11-15|