Index Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
S&P 500 - BIOTECH SUB IND (CME:SP500-35201010)
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 SP500-35201010
The long term trend has been DOWN since Mar 22nd, 2018 at 3820.79
The intermediate term trend has been UP since Jun 11th, 2018 at 3789.56
The short term trend has been UP since Jun 20th, 2018 at 3806.65
Smart Scan Analysis for SP500-35201010
Based on a pre-defined weighted trend formula for chart analysis, SP500-35201010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4515.63||52wk High Date||2018-01-29|
|52wk Low||3560.48||52wk Low Date||2018-04-06|