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Index Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

S&P Composite 1500 Machinery (Industry) (CME:SP1500-201060)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_SP1500-201060
Open High Low SP1500-201060 Price Change
1078.72 1079.76 1072.15 1077.19 +2.14
Entry Signal

MarketClub’s Trade Triangles for SP1500-201060

long term up The long term trend has been UP since Dec 12th, 2019 at 1099.35

intermediate term down The intermediate term trend has been DOWN since Jan 22nd, 2020 at 1100.71

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 1105.97

Smart Scan Analysis for SP1500-201060

Based on a pre-defined weighted trend formula for chart analysis, SP1500-201060 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SP1500-201060
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1078.72 1079.76 1072.15 1077.19 +2.14
Prev. Close Volume Bid Ask Time
1102.43 5776170 2020-01-29 10:29:27
52wk High1101.3852wk High Date2018-01-24
52wk Low837.152wk Low Date2018-10-29
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