Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
S&P COMPOSITE 1500 HEALTH CARE EQUIPMEN (CME:SP1500-3510)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SP1500-3510
The long term trend has been DOWN since Dec 18th, 2018 at 1149.07
The intermediate term trend has been DOWN since Mar 4th, 2019 at 1202.29
The short term trend has been DOWN since Mar 22nd, 2019 at 1210.93
Smart Scan Analysis for SP1500-3510
Based on a pre-defined weighted trend formula for chart analysis, SP1500-3510 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1293.33||52wk High Date||2018-10-01|
|52wk Low||1014.66||52wk Low Date||2018-02-09|