Index Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
S&P 500 Oil & Gas Exploration & Production (Sub Ind) (CME:SP500-10102020)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 SP500-10102020
The long term trend has been UP since Aug 28th, 2019 at 410.93
The intermediate term trend has been UP since Aug 28th, 2019 at 340.21
The short term trend has been UP since Sep 4th, 2019 at 326.25
Smart Scan Analysis for SP500-10102020
Based on a pre-defined weighted trend formula for chart analysis, SP500-10102020 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||514.43||52wk High Date||2018-10-09|
|52wk Low||376.22||52wk Low Date||2018-02-09|