Index Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
S&P 400 Food & Staples Retailing (Industry) (CME:SP400-301010)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SP400-301010
The long term trend has been DOWN since Dec 10th, 2019 at 2619.98
The intermediate term trend has been UP since Jan 13th, 2020 at 2633.78
The short term trend has been DOWN since Jan 16th, 2020 at 2617.63
Smart Scan Analysis for SP400-301010
Based on a pre-defined weighted trend formula for chart analysis, SP400-301010 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3011.66||52wk High Date||2018-01-26|
|52wk Low||2264.78||52wk Low Date||2018-06-12|