Index Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
S&P 400 Energy (Sector) (CME:SP400-10)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SP400-10
The long term trend has been DOWN since May 2nd, 2019 at 319.17
The intermediate term trend has been DOWN since Nov 18th, 2019 at 215.77
The short term trend has been UP since Dec 4th, 2019 at 209.07
Smart Scan Analysis for SP400-10
Based on a pre-defined weighted trend formula for chart analysis, SP400-10 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||530.69||52wk High Date||2018-10-09|
|52wk Low||345.5||52wk Low Date||2018-02-09|