Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
S&P 500 DIVERSIFIED CHEMICALS SUB IND (CME:SP500-15101020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP500-15101020
The long term trend has been UP since Apr 2nd, 2019 at 360.66
The intermediate term trend has been UP since Apr 2nd, 2019 at 340.55
The short term trend has been DOWN since Apr 18th, 2019 at 351.57
Smart Scan Analysis for SP500-15101020
Based on a pre-defined weighted trend formula for chart analysis, SP500-15101020 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||461.29||52wk High Date||2018-01-29|
|52wk Low||310.07||52wk Low Date||2018-10-26|