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.
MarketClub’s Trade Triangles for SP500-4010
The long term trend has been UP since Apr 17th, 2019 at 327.49
The intermediate term trend has been UP since Jun 10th, 2019 at 317.69
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).
|52wk High||374.29||52wk High Date||2018-01-29|
|52wk Low||303.51||52wk Low Date||2018-10-24|