Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
S&P 500 COMMUNICATIONS EQUIPMENT SUB INC (CME:SP500-45201020)
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 SP500-45201020
The long term trend has been UP since Feb 14th, 2019 at 228.14
The intermediate term trend has been DOWN since May 3rd, 2019 at 251.62
The short term trend has been DOWN since May 23rd, 2019 at 250.75
Smart Scan Analysis for SP500-45201020
Based on a pre-defined weighted trend formula for chart analysis, SP500-45201020 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||230.07||52wk High Date||2018-10-03|
|52wk Low||173.87||52wk Low Date||2017-12-01|