Index Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
S&P TELECOM SELECT INDUSTRY (CME:SPSITE)
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 SPSITE
The long term trend has been UP since Feb 16th, 2018 at 538.70
The intermediate term trend has been UP since May 22nd, 2018 at 541.27
The short term trend has been DOWN since Jun 21st, 2018 at 551.61
Smart Scan Analysis for SPSITE
Based on a pre-defined weighted trend formula for chart analysis, SPSITE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||563.78||52wk High Date||2018-03-12|
|52wk Low||492.4||52wk Low Date||2017-11-09|