Analyze Symbol

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.

CME_SPSIBI
Open High Low SPSIBI Price Change
6331.27 6342.63 6271.65 6331.17 -0.10
Entry Signal

MarketClub’s Trade Triangles for SPSIBI

long term up The long term trend has been UP since Feb 15th, 2017 at 5290.74

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2017 at 6584.97

short term down 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).

-60
Smart Scan Analysis for SPSIBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6331.27 6342.63 6271.65 6331.17 -0.10
Prev. Close Volume Bid Ask Time
6331.27 0 2017-11-17 15:59:15
52wk High6916.7852wk High Date2017-10-06
52wk Low4556.0852wk Low Date2017-01-03
Want to analyze S&P BIOTECH SELECT INDUSTRY SPSIBI or another symbol? Try our Free Index Trend Analysis Report.