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Index Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

S&P 500 Oil & Gas Drilling (Sub Ind) (CME:SP500-10101010)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

CME_SP500-10101010
Open High Low SP500-10101010 Price Change
98.90 104.89 98.90 104.21 +5.07
Entry Signal

MarketClub’s Trade Triangles for SP500-10101010

long term down The long term trend has been DOWN since May 23rd, 2019 at 141.01

intermediate term down The intermediate term trend has been DOWN since Sep 3rd, 2019 at 98.22

short term up The short term trend has been UP since Oct 21st, 2019 at 103.73

Smart Scan Analysis for SP500-10101010

Based on a pre-defined weighted trend formula for chart analysis, SP500-10101010 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SP500-10101010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
98.90 104.89 98.90 104.21 +5.07
Prev. Close Volume Bid Ask Time
99.14 1235082 2019-10-21 16:19:53
52wk High203.4400000052wk High Date2018-01-29
52wk Low151.0800000052wk Low Date2017-12-06
Want to analyze S&P 500 Oil & Gas Drilling (Sub Ind) SP500-10101010 or another symbol? Try our Free Index Trend Analysis Report.