Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
S&P 500 FOOD PRODUESTS INDUSTRY (CME:SP500-302020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SP500-302020
The long term trend has been UP since Apr 10th, 2019 at 525.52
The intermediate term trend has been UP since Mar 18th, 2019 at 497.80
The short term trend has been DOWN since May 21st, 2019 at 537.70
Smart Scan Analysis for SP500-302020
Based on a pre-defined weighted trend formula for chart analysis, SP500-302020 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||591.72||52wk High Date||2018-01-29|
|52wk Low||485.32||52wk Low Date||2018-05-03|