Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
S&P 500 DEPARTMENT STORES SUB IND (CME:SP500-25503010)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SP500-25503010
The long term trend has been DOWN since Nov 16th, 2018 at 186.79
The intermediate term trend has been DOWN since Apr 22nd, 2019 at 159.16
The short term trend has been DOWN since Apr 26th, 2019 at 159.45
Smart Scan Analysis for SP500-25503010
Based on a pre-defined weighted trend formula for chart analysis, SP500-25503010 scored -90 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|