Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
S&P 500 MATERIALS TRUST (CME:SP500-1510TR)
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 SP500-1510TR
The long term trend has been UP since Apr 1st, 2019 at 601.49
The intermediate term trend has been UP since Jan 17th, 2019 at 559.12
The short term trend has been DOWN since Apr 18th, 2019 at 615.84
Smart Scan Analysis for SP500-1510TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-1510TR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||669.82||52wk High Date||2018-01-26|
|52wk Low||502.54||52wk Low Date||2017-12-06|