Index Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
S&P 600 - HEAVY ELEESTRICAL EQUIPMENT SU (CME:SP600-20104020)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SP600-20104020
The long term trend has been UP since Jan 2nd, 2018 at 474.94
The intermediate term trend has been DOWN since Jan 9th, 2018 at 452.87
The short term trend has been DOWN since Jan 5th, 2018 at 466.21
Smart Scan Analysis for SP600-20104020
Based on a pre-defined weighted trend formula for chart analysis, SP600-20104020 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||565.98||52wk High Date||2017-04-25|
|52wk Low||397.01||52wk Low Date||2017-11-15|