Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
S&P 500 BANKS (CME:SP500-4010)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP500-4010
The long term trend has been UP since Jul 26th, 2018 at 349.39
The intermediate term trend has been UP since Jul 10th, 2018 at 336.24
The short term trend has been UP since Aug 16th, 2018 at 349.77
Smart Scan Analysis for SP500-4010
Based on a pre-defined weighted trend formula for chart analysis, SP500-4010 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||374.29||52wk High Date||2018-01-29|
|52wk Low||281.12||52wk Low Date||2017-09-07|