Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
S&P 500 FINANCIALS TRUST (CME:SP500-40TR)
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 SP500-40TR
The long term trend has been UP since Aug 7th, 2018 at 779.12842
The intermediate term trend has been UP since Jul 16th, 2018 at 751.83411
The short term trend has been UP since Aug 16th, 2018 at 770.13904
Smart Scan Analysis for SP500-40TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-40TR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||825.6561||52wk High Date||2018-01-29|
|52wk Low||641.7965||52wk Low Date||2017-09-07|