Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P EQUAL WEIGHT INDEX UTIL (CME:SP500EW-55)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SP500EW-55
The long term trend has been UP since Jun 26th, 2018 at 1360.04
The intermediate term trend has been UP since Oct 8th, 2018 at 1424.65
The short term trend has been DOWN since Nov 12th, 2018 at 1437.76
Smart Scan Analysis for SP500EW-55
Based on a pre-defined weighted trend formula for chart analysis, SP500EW-55 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1469.54||52wk High Date||2017-12-01|
|52wk Low||1227.11||52wk Low Date||2018-02-06|