Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
S&P 500 OIL HEDGED INDEX (CME:SP500OILH)
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 SP500OILH
The long term trend has been UP since Sep 13th, 2017 at 5050.54
The intermediate term trend has been DOWN since Feb 5th, 2018 at 7204.15
The short term trend has been UP since Feb 14th, 2018 at 6523.71
Smart Scan Analysis for SP500OILH
Based on a pre-defined weighted trend formula for chart analysis, SP500OILH scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7736.78||52wk High Date||2018-01-29|
|52wk Low||4172.99||52wk Low Date||2017-06-21|