Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
S&P 400 MATERIALS INDUSTRY GROUP (CME:SP400-1510)
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 SP400-1510
The long term trend has been DOWN since Dec 19th, 2018 at 401.59
The intermediate term trend has been DOWN since Apr 22nd, 2019 at 460.97
The short term trend has been DOWN since Apr 18th, 2019 at 466.61
Smart Scan Analysis for SP400-1510
Based on a pre-defined weighted trend formula for chart analysis, SP400-1510 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||545.11||52wk High Date||2018-01-26|
|52wk Low||424.25||52wk Low Date||2018-10-29|