Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P 400 Energy (Industry Group) (CME:SP400-1010)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SP400-1010
The long term trend has been UP since Jan 3rd, 2020 at 257.04
The intermediate term trend has been DOWN since Jan 13th, 2020 at 238.63
The short term trend has been DOWN since Jan 8th, 2020 at 252.09
Smart Scan Analysis for SP400-1010
Based on a pre-defined weighted trend formula for chart analysis, SP400-1010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||530.67||52wk High Date||2018-10-09|
|52wk Low||345.53||52wk Low Date||2018-02-09|