Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
S&P 500 2X INVERSE INDEX TOTAL RETURN (CME:SP500TR2XI)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SP500TR2XI
The long term trend has been UP since Feb 9th, 2018 at 26.54
The intermediate term trend has been DOWN since May 10th, 2018 at 22.75
The short term trend has been DOWN since May 4th, 2018 at 23.73
Smart Scan Analysis for SP500TR2XI
Based on a pre-defined weighted trend formula for chart analysis, SP500TR2XI scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||30.86||52wk High Date||2017-05-22|
|52wk Low||20.99||52wk Low Date||2018-01-26|