Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
S&P 500 Steel (Sub Ind) (CME:SP500-15104050)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 SP500-15104050
The long term trend has been DOWN since Dec 19th, 2018 at 127.25
The intermediate term trend has been DOWN since Aug 1st, 2019 at 125.06
The short term trend has been DOWN since Aug 12th, 2019 at 117.82
Smart Scan Analysis for SP500-15104050
Based on a pre-defined weighted trend formula for chart analysis, SP500-15104050 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||164.29||52wk High Date||2018-01-12|
|52wk Low||129.68||52wk Low Date||2018-10-26|