Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P 500 - BIOTECH SUB IND (CME:SP500-35201010)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Oct 11th, 2018 at 3941.53
The short term trend has been UP since Oct 16th, 2018 at 3967.80
Smart Scan Analysis for SP500-35201010
Based on a pre-defined weighted trend formula for chart analysis, SP500-35201010 scored +55 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|