Index Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
S&P Composite 1500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP1500-3520)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SP1500-3520
The long term trend has been UP since Aug 28th, 2019 at 986.64
The intermediate term trend has been UP since Oct 15th, 2019 at 941.68
The short term trend has been DOWN since Jan 22nd, 2020 at 1072.95
Smart Scan Analysis for SP1500-3520
Based on a pre-defined weighted trend formula for chart analysis, SP1500-3520 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1010.82||52wk High Date||2018-10-03|
|52wk Low||831.3||52wk Low Date||2018-05-03|