Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P 400 Home Furnishings (Sub Ind) (CME:SP400-25201020)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SP400-25201020
The long term trend has been DOWN since Aug 28th, 2019 at 371.66
The intermediate term trend has been UP since Sep 12th, 2019 at 497.93
The short term trend has been DOWN since Sep 18th, 2019 at 487.50
Smart Scan Analysis for SP400-25201020
Based on a pre-defined weighted trend formula for chart analysis, SP400-25201020 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||415.39||52wk High Date||2018-01-16|
|52wk Low||259.74||52wk Low Date||2018-04-25|