Index Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
S&P 500 SOFTWARE INDUSTRY (CME:SP500-451030)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 SP500-451030
The long term trend has been DOWN since Nov 20th, 2018 at 1898.39
The intermediate term trend has been UP since Dec 3rd, 2018 at 2075.40
The short term trend has been DOWN since Dec 14th, 2018 at 2002.15
Smart Scan Analysis for SP500-451030
Based on a pre-defined weighted trend formula for chart analysis, SP500-451030 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2180.19||52wk High Date||2018-10-01|
|52wk Low||1549.04||52wk Low Date||2017-12-06|