Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P 400 Wireless Telecommunication Services (Sub Ind) (CME:SP400-50102010)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SP400-50102010
The long term trend has been DOWN since Mar 28th, 2019 at 228.63
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 188.02
The short term trend has been UP since Oct 11th, 2019 at 185.23
Smart Scan Analysis for SP400-50102010
Based on a pre-defined weighted trend formula for chart analysis, SP400-50102010 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||268.74000000||52wk High Date||2018-11-28|
|52wk Low||175.91000000||52wk Low Date||2018-02-09|