Index Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
S&P 400 Industrial Conglomerates (Industry) (CME:SP400-201050)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP400-201050
The long term trend has been UP since Sep 11th, 2019 at 1933.60
The intermediate term trend has been UP since Aug 30th, 2019 at 1911.37
The short term trend has been DOWN since Sep 17th, 2019 at 1888.54
Smart Scan Analysis for SP400-201050
Based on a pre-defined weighted trend formula for chart analysis, SP400-201050 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1713.27||52wk High Date||2018-08-28|
|52wk Low||1219.62||52wk Low Date||2018-10-24|