Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
S&P 500 AGRICULTURAL & FARM MACHINERY (S) (CME:SP500-20106015)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SP500-20106015
The long term trend has been UP since Dec 3rd, 2018 at 185.32526
The intermediate term trend has been DOWN since Mar 7th, 2019 at 181.62000
The short term trend has been DOWN since Mar 22nd, 2019 at 183.95000
Smart Scan Analysis for SP500-20106015
Based on a pre-defined weighted trend formula for chart analysis, SP500-20106015 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||203.9102||52wk High Date||2018-02-16|
|52wk Low||121.63||52wk Low Date||2017-12-06|