Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
S&P 600 CONSTRUCTION MATERIALS INDUSTRY (CME:SP600-151020)
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 SP600-151020
The long term trend has been UP since Nov 21st, 2016 at 1964.48
The intermediate term trend has been DOWN since Nov 3rd, 2017 at 2488.84
The short term trend has been DOWN since Nov 20th, 2017 at 2507.10
Smart Scan Analysis for SP600-151020
Based on a pre-defined weighted trend formula for chart analysis, SP600-151020 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2741.69||52wk High Date||2017-09-05|
|52wk Low||2086.07||52wk Low Date||2017-02-24|