Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P 400 Oil, Gas & Consumable Fuels (Industry) (CME:SP400-101020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SP400-101020
The long term trend has been DOWN since May 23rd, 2019 at 355.4
The intermediate term trend has been DOWN since Nov 18th, 2019 at 253.7
The short term trend has been UP since Dec 4th, 2019 at 240.7
Smart Scan Analysis for SP400-101020
Based on a pre-defined weighted trend formula for chart analysis, SP400-101020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||567.08||52wk High Date||2018-10-09|
|52wk Low||346.69||52wk Low Date||2018-02-09|