Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
S&P 600 - PHARMACEUTICALS SUB IND (CME:SP600-35202010)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP600-35202010
The long term trend has been UP since Feb 9th, 2017 at 6868.87
The intermediate term trend has been UP since Jul 11th, 2018 at 15665.05
The short term trend has been DOWN since Jul 16th, 2018 at 15278.31
Smart Scan Analysis for SP600-35202010
Based on a pre-defined weighted trend formula for chart analysis, SP600-35202010 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||15852.66||52wk High Date||2018-07-13|
|52wk Low||6956.68||52wk Low Date||2017-08-10|