Index Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
S&P 500 - BIOTECH SUB IND (CME:SP500-35201010)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Oct 24th, 2018 at 3709.40
The intermediate term trend has been UP since Jan 4th, 2019 at 3804.80
The short term trend has been UP since Jan 16th, 2019 at 3892.32
Smart Scan Analysis for SP500-35201010
Based on a pre-defined weighted trend formula for chart analysis, SP500-35201010 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4515.63||52wk High Date||2018-01-29|
|52wk Low||3501.49||52wk Low Date||2018-10-25|