Index Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
S&P 500 ELEESTRIC UTIL INDUSTRY (CME:SP500-551010)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SP500-551010
The long term trend has been DOWN since Dec 20th, 2017 at 299.35
The intermediate term trend has been UP since Feb 26th, 2018 at 281.16
The short term trend has been UP since Apr 16th, 2018 at 283.98
Smart Scan Analysis for SP500-551010
Based on a pre-defined weighted trend formula for chart analysis, SP500-551010 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||323.03||52wk High Date||2017-11-15|
|52wk Low||264.54||52wk Low Date||2018-02-06|