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Index Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

S&P Composite 1500 Oil & Gas Equipment & Services (Sub Ind) (CME:SP1500-10101020)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_SP1500-10101020
Open High Low SP1500-10101020 Price Change
314.64 323.93 313.77 321.48 +8.57
Entry Signal

MarketClub’s Trade Triangles for SP1500-10101020

long term down The long term trend has been DOWN since May 7th, 2019 at 354.00

intermediate term up The intermediate term trend has been UP since Oct 22nd, 2019 at 296.89

short term up The short term trend has been UP since Dec 6th, 2019 at 299.81

Smart Scan Analysis for SP1500-10101020

Based on a pre-defined weighted trend formula for chart analysis, SP1500-10101020 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SP1500-10101020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
314.64 323.93 313.77 321.48 +8.57
Prev. Close Volume Bid Ask Time
303.54 36035440 2019-12-12 14:12:12
52wk High654.3852wk High Date2018-01-23
52wk Low388.7352wk Low Date2018-11-28
Want to analyze S&P Composite 1500 Oil & Gas Equipment & Services (Sub Ind) SP1500-10101020 or another symbol? Try our Free Index Trend Analysis Report.