Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P 400 Banks (Industry Group) (CME:SP400-4010)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SP400-4010
The long term trend has been DOWN since May 31st, 2019 at 377.37
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 394.15
The short term trend has been UP since Aug 19th, 2019 at 381.57
Smart Scan Analysis for SP400-4010
Based on a pre-defined weighted trend formula for chart analysis, SP400-4010 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||508.63||52wk High Date||2018-06-07|
|52wk Low||380.24||52wk Low Date||2018-10-24|