Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P 600 MULTI UTIL INDUSTRY (CME:SP600-551030)
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 SP600-551030
The long term trend has been DOWN since Jul 12th, 2018 at 247.21
The intermediate term trend has been UP since Oct 9th, 2018 at 252.70
The short term trend has been UP since Oct 16th, 2018 at 250.79
Smart Scan Analysis for SP600-551030
Based on a pre-defined weighted trend formula for chart analysis, SP600-551030 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||259.37||52wk High Date||2018-07-02|
|52wk Low||233.39||52wk Low Date||2018-03-07|