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Index Trend Analysis Report

Prepared for you on Thursday, July 18, 2019.

S&P 500 Banks (Industry Group) (CME:SP500-4010)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

CME_SP500-4010
Open High Low SP500-4010 Price Change
323.04 325.98 322.37 325.10 +1.90
Entry Signal

MarketClub’s Trade Triangles for SP500-4010

long term up The long term trend has been UP since Apr 17th, 2019 at 327.49

intermediate term up The intermediate term trend has been UP since Jun 10th, 2019 at 317.69

short term down The short term trend has been DOWN since Jul 16th, 2019 at 324.66

Smart Scan Analysis for SP500-4010

Based on a pre-defined weighted trend formula for chart analysis, SP500-4010 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
323.04 325.98 322.37 325.10 +1.90
Prev. Close Volume Bid Ask Time
308.91 48121485 2019-07-18 11:27:38
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
Want to analyze S&P 500 Banks (Industry Group) SP500-4010 or another symbol? Try our Free Index Trend Analysis Report.