Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
S&P 500 TECH HARDWARE & EQUIPMENT TRUST (CME:SP500-4520TR)
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 SP500-4520TR
The long term trend has been UP since Mar 12th, 2019 at 1429.28
The intermediate term trend has been DOWN since May 7th, 2019 at 1557.05
The short term trend has been DOWN since May 6th, 2019 at 1570.77
Smart Scan Analysis for SP500-4520TR
Based on a pre-defined weighted trend formula for chart analysis, SP500-4520TR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1689.27||52wk High Date||2018-10-03|
|52wk Low||1174.4||52wk Low Date||2018-02-09|