Index Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
S&P 500 OIL HEDGED INDEX (CME:SP500OILH)
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 SP500OILH
The long term trend has been UP since Sep 13th, 2017 at 5050.54
The intermediate term trend has been UP since Apr 11th, 2018 at 7340.50
The short term trend has been UP since Jun 20th, 2018 at 7932.18
Smart Scan Analysis for SP500OILH
Based on a pre-defined weighted trend formula for chart analysis, SP500OILH scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8461.88||52wk High Date||2018-05-22|
|52wk Low||4172.99||52wk Low Date||2017-06-21|