Index Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
SPDR TRUST UNDERLYINGTRADING VALUE (PACF:SPY.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPY.IV
The long term trend has been DOWN since Oct 23rd, 2018 at 269.2356
The intermediate term trend has been DOWN since Oct 5th, 2018 at 286.9892
The short term trend has been UP since Nov 27th, 2018 at 267.4927
Smart Scan Analysis for SPY.IV
Based on a pre-defined weighted trend formula for chart analysis, SPY.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||294.5176||52wk High Date||2018-09-21|
|52wk Low||252.9812||52wk Low Date||2018-02-09|