Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
S&P 100 50 DAY MOVING AVG BELOW (DTN:@M508B)
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 @M508B
The long term trend has been DOWN since Apr 12th, 2018 at 63.33
The intermediate term trend has been UP since Aug 13th, 2018 at 37.50
The short term trend has been DOWN since Aug 16th, 2018 at 27.55
Smart Scan Analysis for @M508B
Based on a pre-defined weighted trend formula for chart analysis, @M508B scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).