Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P 600 ELEESTRICAL COMPONENTS & EQUIPM (CME:SP600-20104010)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP600-20104010
The long term trend has been DOWN since Oct 3rd, 2018 at 1240.07
The intermediate term trend has been DOWN since Sep 18th, 2018 at 1386.89
The short term trend has been DOWN since Oct 22nd, 2018 at 1116.76
Smart Scan Analysis for SP600-20104010
Based on a pre-defined weighted trend formula for chart analysis, SP600-20104010 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1550.64||52wk High Date||2018-08-09|
|52wk Low||918.78||52wk Low Date||2017-11-08|