Index Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
S&P 500 (CME:SP500)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP500
The long term trend has been UP since Mar 4th, 2019 at 2813.49
The intermediate term trend has been UP since Jun 10th, 2019 at 2884.97
The short term trend has been DOWN since Jul 17th, 2019 at 3001.15
Smart Scan Analysis for SP500
Based on a pre-defined weighted trend formula for chart analysis, SP500 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2940.91||52wk High Date||2018-09-21|
|52wk Low||2532.69||52wk Low Date||2018-02-09|