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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.

CME_SP400-4010
Open High Low SP400-4010 Price Change
381.93 383.18 380.91 382.17 -2.80
Entry Signal

MarketClub’s Trade Triangles for SP400-4010

long term down The long term trend has been DOWN since May 31st, 2019 at 377.37

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2019 at 394.15

short term up 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).

-85
Smart Scan Analysis for SP400-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
381.93 383.18 380.91 382.17 -2.80
Prev. Close Volume Bid Ask Time
391.92 1977545 2019-08-20 10:14:54
52wk High508.6352wk High Date2018-06-07
52wk Low380.2452wk Low Date2018-10-24
Want to analyze S&P 400 Banks (Industry Group) SP400-4010 or another symbol? Try our Free Index Trend Analysis Report.