Index Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
S&P Composite 1500 Telecommunication Services (Industry Group) (CME:SP1500-5010)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SP1500-5010
The long term trend has been UP since May 20th, 2019 at 159.02
The intermediate term trend has been UP since Jun 24th, 2019 at 156.97
The short term trend has been DOWN since Jul 9th, 2019 at 159.39
Smart Scan Analysis for SP1500-5010
Based on a pre-defined weighted trend formula for chart analysis, SP1500-5010 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||168.62||52wk High Date||2018-02-01|
|52wk Low||140.06||52wk Low Date||2018-05-09|