Index Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
S&P 400 - Residential REITs (Sub Ind) (CME:SP400-60101060)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for SP400-60101060
The long term trend has been UP since Jan 28th, 2019 at 139.53
The intermediate term trend has been DOWN since Nov 7th, 2019 at 158.25
The short term trend has been DOWN since Nov 21st, 2019 at 158.43
Smart Scan Analysis for SP400-60101060
Based on a pre-defined weighted trend formula for chart analysis, SP400-60101060 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||138.3||52wk High Date||2018-11-21|
|52wk Low||110.21||52wk Low Date||2018-02-12|