Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
S&P 500 - Pharmaceuticals (Industry) (CME:SP500-352020)
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 SP500-352020
The long term trend has been UP since Jun 20th, 2019 at 707.78
The intermediate term trend has been DOWN since Jul 12th, 2019 at 684.13
The short term trend has been DOWN since Jul 8th, 2019 at 701.20
Smart Scan Analysis for SP500-352020
Based on a pre-defined weighted trend formula for chart analysis, SP500-352020 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||718.21||52wk High Date||2018-11-29|
|52wk Low||577.41||52wk Low Date||2018-05-03|