Index Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
S&P 600 CHEMICALS INDUSTRY (CME:SP600-151010)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SP600-151010
The long term trend has been UP since Apr 17th, 2018 at 358.18
The intermediate term trend has been DOWN since May 1st, 2018 at 335.99
The short term trend has been UP since May 16th, 2018 at 349.90
Smart Scan Analysis for SP600-151010
Based on a pre-defined weighted trend formula for chart analysis, SP600-151010 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||364.1||52wk High Date||2018-04-18|
|52wk Low||284.47||52wk Low Date||2017-08-18|