Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P EQUAL WEIGHT INDEX TELECOM (CME:SP500EW-50)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SP500EW-50
The long term trend has been UP since Jul 6th, 2018 at 955.63
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1020.65
The short term trend has been UP since Oct 16th, 2018 at 1010.46
Smart Scan Analysis for SP500EW-50
Based on a pre-defined weighted trend formula for chart analysis, SP500EW-50 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1066.05||52wk High Date||2018-08-21|
|52wk Low||821.17||52wk Low Date||2017-11-15|