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Index Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

S&P 500 - BIOTECH SUB IND (CME:SP500-35201010)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

CME_SP500-35201010
Open High Low SP500-35201010 Price Change
3656.22 3672.95 3643.02 3644.72 -19.18
Entry Signal

MarketClub’s Trade Triangles for SP500-35201010

long term down The long term trend has been DOWN since Oct 24th, 2018 at 3709.40

intermediate term down The intermediate term trend has been DOWN since Mar 6th, 2019 at 3713.21

short term down The short term trend has been DOWN since Mar 20th, 2019 at 3760.35

Smart Scan Analysis for SP500-35201010

Based on a pre-defined weighted trend formula for chart analysis, SP500-35201010 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SP500-35201010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3656.22 3672.95 3643.02 3644.72 -19.18
Prev. Close Volume Bid Ask Time
3820.66 0 2019-03-22 09:52:23
52wk High4515.6352wk High Date2018-01-29
52wk Low3501.4952wk Low Date2018-10-25
Want to analyze S&P 500 - BIOTECH SUB IND SP500-35201010 or another symbol? Try our Free Index Trend Analysis Report.