Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P 400 -Building Products (Industry) (CME:SP400-201020)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SP400-201020
The long term trend has been UP since Feb 1st, 2019 at 823.87
The intermediate term trend has been DOWN since Jul 22nd, 2019 at 948.70
The short term trend has been UP since Aug 19th, 2019 at 924.81
Smart Scan Analysis for SP400-201020
Based on a pre-defined weighted trend formula for chart analysis, SP400-201020 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||894.18||52wk High Date||2018-09-13|
|52wk Low||689.6||52wk Low Date||2018-10-22|