Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P 500 Managed Health Care (Sub Ind) (CME:SP500-35102030)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SP500-35102030
The long term trend has been UP since Nov 1st, 2019 at 2189.26
The intermediate term trend has been DOWN since Jan 27th, 2020 at 2443.48
The short term trend has been DOWN since Jan 24th, 2020 at 2531.61
Smart Scan Analysis for SP500-35102030
Based on a pre-defined weighted trend formula for chart analysis, SP500-35102030 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2429.17||52wk High Date||2018-11-29|
|52wk Low||1834.25||52wk Low Date||2018-03-23|