Index Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
S&P 500 ISSUES VOLUME DOWN (DTN:@VI6D)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 @VI6D
The long term trend has been DOWN since Aug 26th, 2015 at 21058
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 5002
The short term trend has been DOWN since Aug 13th, 2018 at 6710
Smart Scan Analysis for @VI6D
Based on a pre-defined weighted trend formula for chart analysis, @VI6D scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).