Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
S&P COMPOSITE 1500 PACKAGED FOODS & MEA (CME:SP1500-30202030)
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 SP1500-30202030
The long term trend has been UP since Mar 26th, 2019 at 580.85
The intermediate term trend has been UP since Mar 18th, 2019 at 552.58
The short term trend has been DOWN since May 21st, 2019 at 602.78
Smart Scan Analysis for SP1500-30202030
Based on a pre-defined weighted trend formula for chart analysis, SP1500-30202030 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||646.11||52wk High Date||2018-01-25|
|52wk Low||530.82||52wk Low Date||2018-05-03|