Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
S&P 500 MULTI-UTIL SUB IND (CME:SP500-55103010)
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 SP500-55103010
The long term trend has been UP since Jun 25th, 2018 at 35.45
The intermediate term trend has been UP since Oct 8th, 2018 at 37.52
The short term trend has been DOWN since Oct 11th, 2018 at 36.98
Smart Scan Analysis for SP500-55103010
Based on a pre-defined weighted trend formula for chart analysis, SP500-55103010 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||39.83||52wk High Date||2017-12-01|
|52wk Low||32.81||52wk Low Date||2018-06-07|