Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
S&P 500 DEPARTMENT STORES SUB IND (CME:SP500-25503010)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SP500-25503010
The long term trend has been DOWN since Nov 16th, 2018 at 186.79
The intermediate term trend has been DOWN since Feb 11th, 2019 at 157.56
The short term trend has been UP since Feb 19th, 2019 at 159.93
Smart Scan Analysis for SP500-25503010
Based on a pre-defined weighted trend formula for chart analysis, SP500-25503010 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||221.2||52wk High Date||2018-11-12|
|52wk Low||134.52||52wk Low Date||2017-12-01|