Index Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
S&P BIOTECH SELECT INDUSTRY (CME:SPSIBI)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPSIBI
The long term trend has been UP since Feb 15th, 2017 at 5290.74
The intermediate term trend has been UP since Aug 28th, 2017 at 6147.37
The short term trend has been UP since Sep 18th, 2017 at 6517.86
Smart Scan Analysis for SPSIBI
Based on a pre-defined weighted trend formula for chart analysis, SPSIBI scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6652.07||52wk High Date||2017-09-21|
|52wk Low||4123.39||52wk Low Date||2016-11-03|