Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P 400 -Building Products (Industry) (CME:SP400-201020)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Aug 28th, 2019 at 878.78
The intermediate term trend has been UP since Nov 18th, 2019 at 918.58
The short term trend has been UP since Dec 5th, 2019 at 918.39
Smart Scan Analysis for SP400-201020
Based on a pre-defined weighted trend formula for chart analysis, SP400-201020 scored -60 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|