Index Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
S&P DIVERSIFIED TRENDS INDICATOR SPOT (CME:SPDTP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPDTP
The long term trend has been UP since Sep 3rd, 2018 at 1101.51
The intermediate term trend has been DOWN since Oct 11th, 2018 at 1094.21
The short term trend has been DOWN since Oct 2nd, 2018 at 1106.21
Smart Scan Analysis for SPDTP
Based on a pre-defined weighted trend formula for chart analysis, SPDTP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1114.28||52wk High Date||2018-10-03|
|52wk Low||1065.2||52wk Low Date||2017-10-23|