Index Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
S&P 400 AIRLINES SUB IND (CME:SP400-20302010)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 SP400-20302010
The long term trend has been DOWN since Dec 21st, 2018 at 286.61
The intermediate term trend has been DOWN since Feb 20th, 2019 at 322.99
The short term trend has been DOWN since Mar 20th, 2019 at 299.16
Smart Scan Analysis for SP400-20302010
Based on a pre-defined weighted trend formula for chart analysis, SP400-20302010 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||419.55||52wk High Date||2018-01-16|
|52wk Low||286.61||52wk Low Date||2018-10-25|