Index Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
S&P Composite 1500 Food Beverage & Tobacco (Industry Group) (CME:SP1500-3020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP1500-3020
The long term trend has been UP since Apr 1st, 2019 at 707.65
The intermediate term trend has been UP since Jun 12th, 2019 at 726.47
The short term trend has been DOWN since Jun 13th, 2019 at 716.66
Smart Scan Analysis for SP1500-3020
Based on a pre-defined weighted trend formula for chart analysis, SP1500-3020 scored +85 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|