Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
S&P 500 200 DAY MOVING AVG BELOW (DTN:@M2006B)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 @M2006B
The long term trend has been DOWN since Jul 26th, 2018 at 36.93
The intermediate term trend has been DOWN since Sep 19th, 2018 at 32.80
The short term trend has been DOWN since Sep 17th, 2018 at 36.20
Smart Scan Analysis for @M2006B
Based on a pre-defined weighted trend formula for chart analysis, @M2006B scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).