Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
S&P Composite 1500 Oil & Gas Drilling (Sub Ind) (CME:SP1500-10101010)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SP1500-10101010
The long term trend has been UP since Aug 28th, 2019 at 191.61
The intermediate term trend has been UP since Aug 28th, 2019 at 126.30
The short term trend has been UP since Sep 6th, 2019 at 115.67
Smart Scan Analysis for SP1500-10101010
Based on a pre-defined weighted trend formula for chart analysis, SP1500-10101010 scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||326.46||52wk High Date||2018-05-17|
|52wk Low||221.26||52wk Low Date||2018-11-28|