Index Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
S&P Composite 1500 Food Beverage & Tobacco (Industry Group) (CME:SP1500-3020)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
MarketClub’s Trade Triangles for SP1500-3020
The long term trend has been DOWN since Aug 28th, 2019 at 687.39
The intermediate term trend has been DOWN since Jul 31st, 2019 at 718.08
The short term trend has been DOWN since Sep 16th, 2019 at 719.67
Smart Scan Analysis for SP1500-3020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-3020 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||785.1||52wk High Date||2018-01-29|
|52wk Low||644||52wk Low Date||2018-05-15|