Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
S&P 500 EQUAL WEIGHTED (NTR) (CME:SPXEWNTR)
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 SPXEWNTR
The long term trend has been UP since Jun 11th, 2018 at 5149.65
The intermediate term trend has been UP since Jul 9th, 2018 at 5158.95
The short term trend has been DOWN since Aug 10th, 2018 at 5234.21
Smart Scan Analysis for SPXEWNTR
Based on a pre-defined weighted trend formula for chart analysis, SPXEWNTR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5304.19||52wk High Date||2018-01-29|
|52wk Low||4472.9||52wk Low Date||2017-08-21|