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Index Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

S&P 500 Banks (Industry Group) (CME:SP500-4010)

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.

CME_SP500-4010
Open High Low SP500-4010 Price Change
371.11 371.58 369.91 370.29 +0.22
Entry Signal

MarketClub’s Trade Triangles for SP500-4010

long term up The long term trend has been UP since Oct 15th, 2019 at 338.69

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 375.09

short term down The short term trend has been DOWN since Jan 15th, 2020 at 370.94

Smart Scan Analysis for SP500-4010

Based on a pre-defined weighted trend formula for chart analysis, SP500-4010 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
371.11 371.58 369.91 370.29 +0.22
Prev. Close Volume Bid Ask Time
372.34 102294127 2020-01-17 14:20:53
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
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