Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
S&P 500 CONTAINERS & PACKAGING INDUSTRY (CME:SP500-151030)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SP500-151030
The long term trend has been UP since Apr 1st, 2019 at 249.17
The intermediate term trend has been DOWN since May 20th, 2019 at 240.46
The short term trend has been DOWN since May 15th, 2019 at 242.85
Smart Scan Analysis for SP500-151030
Based on a pre-defined weighted trend formula for chart analysis, SP500-151030 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||293.64||52wk High Date||2018-01-26|
|52wk Low||203.42||52wk Low Date||2018-10-24|