Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
S&P GOLDMAN SACHS INDUSTRIAL (CME:SPGSIN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPGSIN
The long term trend has been UP since Jul 25th, 2017 at 333.3889
The intermediate term trend has been DOWN since Feb 7th, 2018 at 384.0893
The short term trend has been DOWN since Feb 21st, 2018 at 391.3644
Smart Scan Analysis for SPGSIN
Based on a pre-defined weighted trend formula for chart analysis, SPGSIN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||399.8003||52wk High Date||2018-01-29|
|52wk Low||308.673||52wk Low Date||2017-05-18|