Index Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
S&P 500 PREMIUM (DTN:@PRSP)
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 @PRSP
The long term trend has been UP since Oct 8th, 2018 at 19.60
The intermediate term trend has been UP since Oct 23rd, 2018 at 22.42
The short term trend has been DOWN since Nov 13th, 2018 at -10.03
Smart Scan Analysis for @PRSP
Based on a pre-defined weighted trend formula for chart analysis, @PRSP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).