Index Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
S&P TELECOM SELECT INDUSTRY (CME:SPSITE)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SPSITE
The long term trend has been DOWN since Oct 10th, 2018 at 535.38
The intermediate term trend has been UP since Nov 5th, 2018 at 551.07
The short term trend has been DOWN since Nov 20th, 2018 at 524.19
Smart Scan Analysis for SPSITE
Based on a pre-defined weighted trend formula for chart analysis, SPSITE scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||585.92||52wk High Date||2018-08-30|
|52wk Low||493.17||52wk Low Date||2018-02-09|