Index Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
S&P 500 INTERNET SOFTWARE & SERVICES SU (CME:SP500-45101010)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SP500-45101010
The long term trend has been UP since Jun 5th, 2018 at 843.36
The intermediate term trend has been DOWN since Jul 30th, 2018 at 840.85
The short term trend has been DOWN since Aug 10th, 2018 at 860.12
Smart Scan Analysis for SP500-45101010
Based on a pre-defined weighted trend formula for chart analysis, SP500-45101010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||932.62||52wk High Date||2018-07-25|
|52wk Low||687.58||52wk Low Date||2017-09-25|