Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
S&P 600 - WIRELESS TELECOM SE (CME:SP600-501020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SP600-501020
The long term trend has been DOWN since Oct 25th, 2018 at 49.32
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 49.64
The short term trend has been UP since Dec 11th, 2018 at 47.57
Smart Scan Analysis for SP600-501020
Based on a pre-defined weighted trend formula for chart analysis, SP600-501020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||64.36||52wk High Date||2017-11-30|
|52wk Low||45.93||52wk Low Date||2018-10-25|