Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
S&P SM-CAP 600 CAPPED UTIL TELE SERVICES (CME:SP600CUTTL)
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 SP600CUTTL
The long term trend has been UP since May 3rd, 2018 at 661.55
The intermediate term trend has been DOWN since Oct 11th, 2018 at 709.54
The short term trend has been UP since Oct 17th, 2018 at 715.25
Smart Scan Analysis for SP600CUTTL
Based on a pre-defined weighted trend formula for chart analysis, SP600CUTTL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||735.23||52wk High Date||2018-10-09|
|52wk Low||606.55||52wk Low Date||2018-02-09|