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Index Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

S&P 500 BANKS (CME:SP500-4010)

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.

CME_SP500-4010
Open High Low SP500-4010 Price Change
310.42 314.69 307.70 313.89 +4.83
Entry Signal

MarketClub’s Trade Triangles for SP500-4010

long term down The long term trend has been DOWN since Dec 19th, 2018 at 281.43

intermediate term up The intermediate term trend has been UP since Jan 14th, 2019 at 292.92

short term up The short term trend has been UP since Dec 28th, 2018 at 276.22

Smart Scan Analysis for SP500-4010

Based on a pre-defined weighted trend formula for chart analysis, SP500-4010 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
310.42 314.69 307.70 313.89 +4.83
Prev. Close Volume Bid Ask Time
289.88 0 2019-01-18 16:43:16
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
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