Index Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
S&P 500 ELEESTRIC UTIL INDUSTRY (CME:SP500-551010)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SP500-551010
The long term trend has been UP since Feb 21st, 2017 at 282.95
The intermediate term trend has been UP since Oct 19th, 2017 at 311.07
The short term trend has been DOWN since Nov 17th, 2017 at 315.40
Smart Scan Analysis for SP500-551010
Based on a pre-defined weighted trend formula for chart analysis, SP500-551010 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||323.03||52wk High Date||2017-11-15|
|52wk Low||257.51||52wk Low Date||2016-12-01|