Index Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
S&P 600 CONSTRUCTION MATERIALS INDUSTRY (CME:SP600-151020)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Mar 1st, 2018 at 2371.10
The intermediate term trend has been UP since Sep 17th, 2018 at 1659.44
The short term trend has been UP since Sep 12th, 2018 at 1591.89
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||2830.24||52wk High Date||2017-12-11|
|52wk Low||1443.82||52wk Low Date||2018-08-06|