Future Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
S&P 500 INDEX Jun 2019 (CME:SP.M19)
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 SP.M19
The long term trend has been UP since Mar 4th, 2019 at 2794.0
The intermediate term trend has been DOWN since May 5th, 2019 at 2895.6
The short term trend has been DOWN since May 20th, 2019 at 2852.5
Smart Scan Analysis for SP.M19
Based on a pre-defined weighted trend formula for chart analysis, SP.M19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2779.1||Contract High Date||2018-02-05|
|Contract Low||2467.4||Contract Low Date||2017-07-17|
|Open Time||18:00||Close Time||17:00|