Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
S&P HAREL MATERIALS INDEX (CME:SPHLMAIP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPHLMAIP
The long term trend has been UP since Jun 3rd, 2018 at 1596.47
The intermediate term trend has been DOWN since Jul 3rd, 2018 at 1610.33
The short term trend has been UP since Jul 15th, 2018 at 1604.43
Smart Scan Analysis for SPHLMAIP
Based on a pre-defined weighted trend formula for chart analysis, SPHLMAIP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1678.42||52wk High Date||2018-06-18|
|52wk Low||1473.07||52wk Low Date||2018-04-04|