Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
S&P 500 Financials (Sector) (CME:SP500-40)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SP500-40
The long term trend has been UP since Oct 25th, 2019 at 476.65
The intermediate term trend has been DOWN since Jan 6th, 2020 at 507.63
The short term trend has been UP since Jan 17th, 2020 at 515.61
Smart Scan Analysis for SP500-40
Based on a pre-defined weighted trend formula for chart analysis, SP500-40 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||503.42||52wk High Date||2018-01-29|
|52wk Low||414.57||52wk Low Date||2017-12-06|