Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P 600 - BIOTECH SUB IND (CME:SP600-35201010)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SP600-35201010
The long term trend has been DOWN since Oct 10th, 2018 at 2365.45
The intermediate term trend has been DOWN since Sep 26th, 2018 at 2581.61
The short term trend has been DOWN since Nov 7th, 2018 at 2126.73
Smart Scan Analysis for SP600-35201010
Based on a pre-defined weighted trend formula for chart analysis, SP600-35201010 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2748.33||52wk High Date||2018-08-30|
|52wk Low||1754.22||52wk Low Date||2017-11-21|