Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
AMEX SPSEMI INDEX (PACF:SPSEMI)
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 SPSEMI
The long term trend has been UP since May 31st, 2016 at 1057.16
The intermediate term trend has been UP since Sep 1st, 2017 at 1502.51
The short term trend has been DOWN since Oct 18th, 2017 at 1568.52
Smart Scan Analysis for SPSEMI
Based on a pre-defined weighted trend formula for chart analysis, SPSEMI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1598.16||52wk High Date||2017-10-18|
|52wk Low||1162.72||52wk Low Date||2016-11-04|