Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P Composite 1500 Specialty Retail (Industry) (CME:SP1500-255040)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP1500-255040
The long term trend has been UP since Aug 30th, 2019 at 1128.76
The intermediate term trend has been UP since Jan 8th, 2020 at 1179.43
The short term trend has been DOWN since Jan 23rd, 2020 at 1196.59
Smart Scan Analysis for SP1500-255040
Based on a pre-defined weighted trend formula for chart analysis, SP1500-255040 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1118.76||52wk High Date||2018-09-12|
|52wk Low||865.21||52wk Low Date||2018-04-02|