Index Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
S&P 500 2X INVERSE INDEX TOTAL RETURN (CME:SP500TR2XI)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SP500TR2XI
The long term trend has been DOWN since Nov 10th, 2016 at 37.61
The intermediate term trend has been UP since Aug 10th, 2017 at 29.07
The short term trend has been DOWN since Aug 16th, 2017 at 28.58
Smart Scan Analysis for SP500TR2XI
Based on a pre-defined weighted trend formula for chart analysis, SP500TR2XI scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||41.2||52wk High Date||2016-11-04|
|52wk Low||28.13||52wk Low Date||2017-08-08|