Index Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
S&P Composite 1500 Gas Utilities (Sub Ind) (CME:SP1500-55102010)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SP1500-55102010
The long term trend has been DOWN since Aug 6th, 2019 at 846.65
The intermediate term trend has been UP since Dec 12th, 2019 at 821.46
The short term trend has been UP since Jan 13th, 2020 at 830.66
Smart Scan Analysis for SP1500-55102010
Based on a pre-defined weighted trend formula for chart analysis, SP1500-55102010 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||881.73||52wk High Date||2018-11-20|
|52wk Low||685.79||52wk Low Date||2018-02-06|