Index Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
S&P TOTAL MARKET INDEX INFORMATION TECH (CME:SPTMITUP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SPTMITUP
The long term trend has been UP since Feb 26th, 2018 at 4663.06
The intermediate term trend has been UP since Aug 23rd, 2018 at 5051.39
The short term trend has been DOWN since Sep 18th, 2018 at 5054.68
Smart Scan Analysis for SPTMITUP
Based on a pre-defined weighted trend formula for chart analysis, SPTMITUP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5213.87||52wk High Date||2018-08-30|
|52wk Low||3848.41||52wk Low Date||2017-09-25|