Index Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
S&P 400 Electric Utilities (Sub Ind) (CME:SP400-55101010)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP400-55101010
The long term trend has been UP since Sep 3rd, 2019 at 489.39
The intermediate term trend has been UP since Jan 15th, 2020 at 493.44
The short term trend has been UP since Jan 10th, 2020 at 482.87
Smart Scan Analysis for SP400-55101010
Based on a pre-defined weighted trend formula for chart analysis, SP400-55101010 scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||440.5||52wk High Date||2018-11-20|
|52wk Low||346.25||52wk Low Date||2018-02-06|