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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.

CME_SPSIBI
Open High Low SPSIBI Price Change
7291.83 7332.22 7213.04 7269.58 -22.25
Entry Signal

MarketClub’s Trade Triangles for SPSIBI

long term down The long term trend has been DOWN since Apr 6th, 2018 at 6409.33

intermediate term up The intermediate term trend has been UP since Apr 18th, 2018 at 7124.66

short term up 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).

+60
Smart Scan Analysis for SPSIBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7291.83 7332.22 7213.04 7269.58 -22.25
Prev. Close Volume Bid Ask Time
7269.58 0 2018-05-18 16:02:05
52wk High7608.2752wk High Date2018-01-29
52wk Low5171.2652wk Low Date2017-05-31
Want to analyze S&P BIOTECH SELECT INDUSTRY SPSIBI or another symbol? Try our Free Index Trend Analysis Report.