Index Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
S&P BIOTECH SELECT INDUSTRY (CME:SPSIBI)
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 SPSIBI
The long term trend has been DOWN since Apr 6th, 2018 at 6409.33
The intermediate term trend has been UP since Apr 18th, 2018 at 7124.66
The short term trend has been UP since May 7th, 2018 at 6894.60
Smart Scan Analysis for SPSIBI
Based on a pre-defined weighted trend formula for chart analysis, SPSIBI scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7608.27||52wk High Date||2018-01-29|
|52wk Low||5171.26||52wk Low Date||2017-05-31|