Index Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
S&P 600 Energy (Industry Group) (CME:SP600-1010)
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.
MarketClub’s Trade Triangles for SP600-1010
The long term trend has been UP since Jan 2nd, 2020 at 275.50
The intermediate term trend has been DOWN since Jan 13th, 2020 at 256.07
The short term trend has been DOWN since Jan 8th, 2020 at 272.88
Smart Scan Analysis for SP600-1010
Based on a pre-defined weighted trend formula for chart analysis, SP600-1010 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||681.82||52wk High Date||2018-05-22|
|52wk Low||414.57||52wk Low Date||2018-11-28|