Index Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
S&P Composite 1500 Restaurants (Sub Ind) (CME:SP1500-25301040)
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 SP1500-25301040
The long term trend has been DOWN since Aug 28th, 2019 at 1499.42
The intermediate term trend has been UP since Sep 5th, 2019 at 1754.44
The short term trend has been DOWN since Sep 10th, 2019 at 1730.51
Smart Scan Analysis for SP1500-25301040
Based on a pre-defined weighted trend formula for chart analysis, SP1500-25301040 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1428.13||52wk High Date||2018-11-29|
|52wk Low||1139.92||52wk Low Date||2018-02-09|