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.
MarketClub’s Trade Triangles for SP500-10101010
The long term trend has been DOWN since May 23rd, 2019 at 141.01
The intermediate term trend has been DOWN since Sep 3rd, 2019 at 98.22
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).
|52wk High||203.44000000||52wk High Date||2018-01-29|
|52wk Low||151.08000000||52wk Low Date||2017-12-06|