Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
S&P 600 ELEESTRICAL COMPONENTS & EQUIPM (CME:SP600-20104010)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SP600-20104010
The long term trend has been UP since Sep 18th, 2017 at 919.05
The intermediate term trend has been UP since Jul 10th, 2018 at 1336.73
The short term trend has been DOWN since Aug 13th, 2018 at 1505.63
Smart Scan Analysis for SP600-20104010
Based on a pre-defined weighted trend formula for chart analysis, SP600-20104010 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1550.64||52wk High Date||2018-08-09|
|52wk Low||786.65||52wk Low Date||2017-08-21|