Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
S&P Composite 1500 Oil & Gas Equipment & Services (Sub Ind) (CME:SP1500-10101020)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP1500-10101020
The long term trend has been DOWN since May 7th, 2019 at 354.00
The intermediate term trend has been DOWN since Jul 17th, 2019 at 327.57
The short term trend has been DOWN since Aug 13th, 2019 at 292.91
Smart Scan Analysis for SP1500-10101020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-10101020 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||654.38||52wk High Date||2018-01-23|
|52wk Low||388.73||52wk Low Date||2018-11-28|