Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
S&P 500 AUTOMOTIVE RETAIL SUB IND (CME:SP500-25504050)
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 SP500-25504050
The long term trend has been UP since Jun 6th, 2018 at 737.99
The intermediate term trend has been DOWN since Sep 18th, 2018 at 854.91
The short term trend has been DOWN since Oct 17th, 2018 at 844.39
Smart Scan Analysis for SP500-25504050
Based on a pre-defined weighted trend formula for chart analysis, SP500-25504050 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||894.16||52wk High Date||2018-09-11|
|52wk Low||585.42||52wk Low Date||2017-10-26|