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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.

Open High Low SP400-4010 Price Change
416.44 417.93 416.08 416.74 +1.32
Entry Signal

MarketClub’s Trade Triangles for SP400-4010

long term up The long term trend has been UP since Nov 5th, 2019 at 420.09

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 425.72

short term down 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).

Smart Scan Analysis for SP400-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
416.44 417.93 416.08 416.74 +1.32
Prev. Close Volume Bid Ask Time
423.37 2072103 2020-01-29 09:49:24
52wk High508.6352wk High Date2018-06-07
52wk Low380.2452wk Low Date2018-10-24
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