Index Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
S&P EQUAL WEIGHT INDEX UTIL (CME:SP500EW-55)
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 SP500EW-55
The long term trend has been UP since Jan 17th, 2017 at 1266.66
The intermediate term trend has been UP since Oct 19th, 2017 at 1423.74
The short term trend has been DOWN since Nov 17th, 2017 at 1451.74
Smart Scan Analysis for SP500EW-55
Based on a pre-defined weighted trend formula for chart analysis, SP500EW-55 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1482.89||52wk High Date||2017-11-15|
|52wk Low||1178.78||52wk Low Date||2016-12-01|