Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
S&P 500 FINANCIALS TRUST (CME:SP500-40TR)
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.
MarketClub’s Trade Triangles for SP500-40TR
The long term trend has been UP since Apr 12th, 2019 at 756.49
The intermediate term trend has been DOWN since May 9th, 2019 at 751.34
The short term trend has been DOWN since May 2nd, 2019 at 773.95
Smart Scan Analysis for SP500-40TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-40TR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||825.6562||52wk High Date||2018-01-29|
|52wk Low||678.5654||52wk Low Date||2017-12-06|