Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
S&P BIOTECH SELECT INDUSTRY (CME:SPSIBI)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Feb 15th, 2017 at 5290.74
The intermediate term trend has been DOWN since Oct 23rd, 2017 at 6584.97
The short term trend has been DOWN since Nov 8th, 2017 at 6509.60
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||6916.78||52wk High Date||2017-10-06|
|52wk Low||4556.08||52wk Low Date||2017-01-03|