Index Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
S&P 600 SEMICONDUCTORS SUB IND (CME:SP600-45301020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP600-45301020
The long term trend has been UP since Oct 27th, 2017 at 933.95
The intermediate term trend has been UP since Jan 3rd, 2018 at 911.89
The short term trend has been DOWN since Jan 19th, 2018 at 921.34
Smart Scan Analysis for SP600-45301020
Based on a pre-defined weighted trend formula for chart analysis, SP600-45301020 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||980.64||52wk High Date||2017-11-22|
|52wk Low||794.31||52wk Low Date||2017-03-06|