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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.

CME_SP1500-10101020
Open High Low SP1500-10101020 Price Change
274.52 282.55 273.79 282.09 +8.42
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 down The intermediate term trend has been DOWN since Jul 17th, 2019 at 327.57

short term down 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).

-90
Smart Scan Analysis for SP1500-10101020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
274.52 282.55 273.79 282.09 +8.42
Prev. Close Volume Bid Ask Time
317.13 61138170 2019-08-16 16:20:12
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.