Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
S&P 600 MULTI-UTIL SUB IND (CME:SP600-55103010)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP600-55103010
The long term trend has been DOWN since Dec 6th, 2018 at 244.61
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 254.91
The short term trend has been DOWN since Nov 29th, 2018 at 256.18
Smart Scan Analysis for SP600-55103010
Based on a pre-defined weighted trend formula for chart analysis, SP600-55103010 scored -90 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|