Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P 500 Department Stores (Sub Ind) (CME:SP500-25503010)
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 SP500-25503010
The long term trend has been DOWN since Nov 16th, 2018 at 186.79
The intermediate term trend has been UP since Jul 15th, 2019 at 124.99
The short term trend has been DOWN since Jul 17th, 2019 at 120.70
Smart Scan Analysis for SP500-25503010
Based on a pre-defined weighted trend formula for chart analysis, SP500-25503010 scored -55 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|