Index Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
S&P GLOBAL 1200 (WM) UTIL (CME:SPG120055WMNTR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPG120055WMNTR
The long term trend has been DOWN since Dec 21st, 2017 at 129.89
The intermediate term trend has been DOWN since Dec 13th, 2017 at 133.54
The short term trend has been UP since Feb 12th, 2018 at 121.29
Smart Scan Analysis for SPG120055WMNTR
Based on a pre-defined weighted trend formula for chart analysis, SPG120055WMNTR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||136.72||52wk High Date||2017-09-12|
|52wk Low||115.19||52wk Low Date||2017-02-16|