Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
S&P 600 MTG REITS (CME:SP600-402040)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SP600-402040
The long term trend has been DOWN since Jul 18th, 2017 at 83.61
The intermediate term trend has been UP since Mar 13th, 2018 at 77.37
The short term trend has been DOWN since Mar 15th, 2018 at 76.40
Smart Scan Analysis for SP600-402040
Based on a pre-defined weighted trend formula for chart analysis, SP600-402040 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||91.22||52wk High Date||2017-05-01|
|52wk Low||71.64||52wk Low Date||2018-02-06|