Index Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
S&P Composite 1500 Retailing (Industry Group) (CME:SP1500-2550)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP1500-2550
The long term trend has been UP since Dec 26th, 2019 at 2253.85
The intermediate term trend has been UP since Dec 20th, 2019 at 2236.26
The short term trend has been UP since Jan 17th, 2020 at 2284.85
Smart Scan Analysis for SP1500-2550
Based on a pre-defined weighted trend formula for chart analysis, SP1500-2550 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2283.76||52wk High Date||2018-10-01|
|52wk Low||1556.41||52wk Low Date||2017-12-01|