Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
S&P Composite 1500 Specialty Chemicals (Sub Ind) (CME:SP1500-15101050)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SP1500-15101050
The long term trend has been DOWN since May 10th, 2019 at 891.90
The intermediate term trend has been DOWN since Jul 11th, 2019 at 933.22
The short term trend has been UP since Jul 12th, 2019 at 944.60
Smart Scan Analysis for SP1500-15101050
Based on a pre-defined weighted trend formula for chart analysis, SP1500-15101050 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1003.99||52wk High Date||2018-09-21|
|52wk Low||838.76||52wk Low Date||2018-02-09|