Index Trend Analysis Report
Prepared for you on Sunday, April 30, 2017.
S&P METALS & MINING SELECT INDUSTRY (CME:SPSIMM)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 19th, 2017 at 1440.95
The short term trend has been DOWN since Apr 27th, 2017 at 1481.44
Smart Scan Analysis for SPSIMM
Based on a pre-defined weighted trend formula for chart analysis, SPSIMM scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1750.89||52wk High Date||2017-02-13|
|52wk Low||993.97||52wk Low Date||2016-05-19|