Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
S&P 600 - OIL & GAS REFINING & MARKETING (CME:SP600-10102030)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SP600-10102030
The long term trend has been UP since May 21st, 2018 at 118.84
The intermediate term trend has been UP since Aug 6th, 2018 at 111.58
The short term trend has been DOWN since Sep 19th, 2018 at 131.40
Smart Scan Analysis for SP600-10102030
Based on a pre-defined weighted trend formula for chart analysis, SP600-10102030 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||134.05||52wk High Date||2018-09-04|
|52wk Low||99.14||52wk Low Date||2018-04-02|