Index Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
S&P 600 GAS UTIL INDUSTRY (CME:SP600-551020)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SP600-551020
The long term trend has been DOWN since Oct 26th, 2018 at 795.41
The intermediate term trend has been DOWN since Dec 17th, 2018 at 810.96
The short term trend has been UP since Jan 8th, 2019 at 758.89
Smart Scan Analysis for SP600-551020
Based on a pre-defined weighted trend formula for chart analysis, SP600-551020 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||881.76||52wk High Date||2017-12-04|
|52wk Low||660.6||52wk Low Date||2018-02-06|