Index Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
S&P 600 CONSTRUCTION MATERIALS INDUSTRY (CME:SP600-151020)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SP600-151020
The long term trend has been UP since Nov 21st, 2016 at 1964.48
The intermediate term trend has been DOWN since Jan 16th, 2018 at 2644.94
The short term trend has been UP since Feb 13th, 2018 at 2546.56
Smart Scan Analysis for SP600-151020
Based on a pre-defined weighted trend formula for chart analysis, SP600-151020 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2830.24||52wk High Date||2017-12-11|
|52wk Low||2086.07||52wk Low Date||2017-02-24|