Index Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
S&P METALS & MINING SELECT INDUSTRY (CME:SPSIMM)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 SPSIMM
The long term trend has been DOWN since Mar 8th, 2017 at 1514.59
The intermediate term trend has been DOWN since Jun 15th, 2017 at 1406.47
The short term trend has been UP since Jun 23rd, 2017 at 1424.03
Smart Scan Analysis for SPSIMM
Based on a pre-defined weighted trend formula for chart analysis, SPSIMM scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1750.89||52wk High Date||2017-02-13|
|52wk Low||1101.9||52wk Low Date||2016-06-27|