Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P SmallCap 600 Pure Value (CME:SP600PV)
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 SP600PV
The long term trend has been UP since Sep 11th, 2019 at 6372.43
The intermediate term trend has been DOWN since Jan 8th, 2020 at 6802.19
The short term trend has been DOWN since Jan 21st, 2020 at 6573.19
Smart Scan Analysis for SP600PV
Based on a pre-defined weighted trend formula for chart analysis, SP600PV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8087.65||52wk High Date||2018-08-22|
|52wk Low||6511.59||52wk Low Date||2018-11-28|