Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
S&P 500 DATA PROCESSING & OUTSOURCED SE (CME:SP500-45102020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP500-45102020
The long term trend has been UP since Jan 3rd, 2017 at 596.20
The intermediate term trend has been UP since Jul 11th, 2018 at 995.77
The short term trend has been DOWN since Jul 17th, 2018 at 998.24
Smart Scan Analysis for SP500-45102020
Based on a pre-defined weighted trend formula for chart analysis, SP500-45102020 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1014.12||52wk High Date||2018-07-12|
|52wk Low||702.49||52wk Low Date||2017-07-17|