Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P 500 TOBACCO SUB IND (CME:SP500-30203010)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SP500-30203010
The long term trend has been UP since Aug 3rd, 2018 at 1059.06
The intermediate term trend has been DOWN since Nov 13th, 2018 at 1078.49
The short term trend has been DOWN since Nov 9th, 2018 at 1110.55
Smart Scan Analysis for SP500-30203010
Based on a pre-defined weighted trend formula for chart analysis, SP500-30203010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1328.62||52wk High Date||2017-12-19|
|52wk Low||960.09||52wk Low Date||2018-07-19|