Index Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
S&P 600 FOOD RETAIL (CME:SP600-30101030)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 SP600-30101030
The long term trend has been DOWN since Jun 16th, 2017 at 58.39
The intermediate term trend has been DOWN since Jan 9th, 2018 at 51.20
The short term trend has been DOWN since Jan 4th, 2018 at 55.53
Smart Scan Analysis for SP600-30101030
Based on a pre-defined weighted trend formula for chart analysis, SP600-30101030 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||81.39||52wk High Date||2017-01-17|
|52wk Low||37.93||52wk Low Date||2017-10-20|