Index Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
S&P 500 HEALTH CARE SERVICES SUB IND (CME:SP500-35102015)
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 SP500-35102015
The long term trend has been DOWN since Dec 10th, 2018 at 734.16
The intermediate term trend has been DOWN since Feb 26th, 2019 at 690.25
The short term trend has been UP since Mar 12th, 2019 at 616.09
Smart Scan Analysis for SP500-35102015
Based on a pre-defined weighted trend formula for chart analysis, SP500-35102015 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||825.07||52wk High Date||2018-11-07|
|52wk Low||618.98||52wk Low Date||2017-11-30|