Index Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
S&P 600 FOOD DISTRIBUTORS SUB IND (CME:SP600-30101020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SP600-30101020
The long term trend has been DOWN since Sep 13th, 2018 at 386.10
The intermediate term trend has been DOWN since Nov 12th, 2018 at 332.46
The short term trend has been UP since Nov 16th, 2018 at 339.77
Smart Scan Analysis for SP600-30101020
Based on a pre-defined weighted trend formula for chart analysis, SP600-30101020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||436.1||52wk High Date||2018-08-09|
|52wk Low||310.98||52wk Low Date||2018-05-08|