Index Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
S&P METALS & MINING SELECT INDUSTRY (CME:SPSIMM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Dec 14th, 2017 at 1671.42
The intermediate term trend has been UP since Apr 17th, 2018 at 1792.35
The short term trend has been DOWN since Apr 23rd, 2018 at 1808.74
Smart Scan Analysis for SPSIMM
Based on a pre-defined weighted trend formula for chart analysis, SPSIMM scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1980.79||52wk High Date||2018-01-25|
|52wk Low||1386.68||52wk Low Date||2017-06-16|