Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
S&P 500 FINANCIALS TRUST (CME:SP500-40TR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SP500-40TR
The long term trend has been DOWN since Oct 12th, 2018 at 724.39197
The intermediate term trend has been DOWN since Sep 27th, 2018 at 768.47070
The short term trend has been UP since Oct 17th, 2018 at 742.22370
Smart Scan Analysis for SP500-40TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-40TR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||825.6562||52wk High Date||2018-01-29|
|52wk Low||678.5654||52wk Low Date||2017-12-06|