Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
S&P 500 SEMICONDUCTORS & SEMICONDUCTOR (CME:SP500-4530)
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 SP500-4530
The long term trend has been UP since Feb 27th, 2018 at 1025.81
The intermediate term trend has been DOWN since Aug 15th, 2018 at 989.78
The short term trend has been DOWN since Aug 10th, 2018 at 1021.06
Smart Scan Analysis for SP500-4530
Based on a pre-defined weighted trend formula for chart analysis, SP500-4530 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1095.24||52wk High Date||2018-06-07|
|52wk Low||773.75||52wk Low Date||2017-08-21|