Index Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
S&P 500 DRUG RETAIL SUB IND (CME:SP500-30101010)
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 SP500-30101010
The long term trend has been DOWN since Dec 17th, 2018 at 993.50
The intermediate term trend has been DOWN since Mar 1st, 2019 at 1024.45
The short term trend has been UP since Apr 16th, 2019 at 807.12
Smart Scan Analysis for SP500-30101010
Based on a pre-defined weighted trend formula for chart analysis, SP500-30101010 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1254.29||52wk High Date||2018-11-29|
|52wk Low||870.92||52wk Low Date||2018-06-29|