Index Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
S&P HAREL MATERIALS INDEX (CME:SPHLMAIP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SPHLMAIP
The long term trend has been UP since Jun 3rd, 2018 at 1596.47
The intermediate term trend has been UP since Nov 11th, 2018 at 1857.67
The short term trend has been DOWN since Nov 15th, 2018 at 1835.71
Smart Scan Analysis for SPHLMAIP
Based on a pre-defined weighted trend formula for chart analysis, SPHLMAIP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1912.12||52wk High Date||2018-10-03|
|52wk Low||1473.07||52wk Low Date||2018-04-04|