Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P 400 Banks (Industry Group) (CME:SP400-4010)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Nov 5th, 2019 at 420.09
The intermediate term trend has been DOWN since Jan 6th, 2020 at 425.72
The short term trend has been DOWN since Jan 22nd, 2020 at 424.37
Smart Scan Analysis for SP400-4010
Based on a pre-defined weighted trend formula for chart analysis, SP400-4010 scored -60 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|