Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P 600 INDUSTRIAL CONGLOMERATES (CME:SP600-201050)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SP600-201050
The long term trend has been UP since May 8th, 2018 at 191.90
The intermediate term trend has been DOWN since Sep 19th, 2018 at 225.43
The short term trend has been DOWN since Oct 16th, 2018 at 208.53
Smart Scan Analysis for SP600-201050
Based on a pre-defined weighted trend formula for chart analysis, SP600-201050 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||239.64||52wk High Date||2018-08-24|
|52wk Low||151.61||52wk Low Date||2018-03-07|