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Index Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

S&P 500 BANKS (CME:SP500-4010)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

Open High Low SP500-4010 Price Change
311.20 313.48 310.38 312.65 +3.36
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 down The intermediate term trend has been DOWN since May 9th, 2019 at 317.38

short term down The short term trend has been DOWN since May 2nd, 2019 at 329.59

Smart Scan Analysis for SP500-4010

Based on a pre-defined weighted trend formula for chart analysis, SP500-4010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
311.20 313.48 310.38 312.65 +3.36
Prev. Close Volume Bid Ask Time
316.64 0 2019-05-24 16:49:41
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
Want to analyze S&P 500 BANKS SP500-4010 or another symbol? Try our Free Index Trend Analysis Report.