Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
S&P 500 - BIOTECH SUB IND (CME:SP500-35201010)
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 SP500-35201010
The long term trend has been UP since Jul 5th, 2018 at 3809.57
The intermediate term trend has been UP since Aug 7th, 2018 at 4069.05
The short term trend has been DOWN since Aug 15th, 2018 at 3980.94
Smart Scan Analysis for SP500-35201010
Based on a pre-defined weighted trend formula for chart analysis, SP500-35201010 scored +65 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|