Index Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
S&P Composite 1500 Diversified Chemicals (Sub Ind) (CME:SP1500-15101020)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
MarketClub’s Trade Triangles for SP1500-15101020
The long term trend has been DOWN since Aug 30th, 2019 at 211.78
The intermediate term trend has been DOWN since Jan 6th, 2020 at 266.89
The short term trend has been UP since Jan 13th, 2020 at 267.61
Smart Scan Analysis for SP1500-15101020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-15101020 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||476.77||52wk High Date||2018-01-26|
|52wk Low||318.99||52wk Low Date||2018-10-26|