Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P 500 Building Products (Sub Ind) (CME:SP500-20102010)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SP500-20102010
The long term trend has been UP since Feb 12th, 2019 at 316.60
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 386.36
The short term trend has been UP since Dec 6th, 2019 at 391.19
Smart Scan Analysis for SP500-20102010
Based on a pre-defined weighted trend formula for chart analysis, SP500-20102010 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||390.27||52wk High Date||2018-01-26|
|52wk Low||272.55||52wk Low Date||2018-10-29|