Index Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
S&P 500 RESIDENTIAL REITS (CME:SP500-60101060)
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 SP500-60101060
The long term trend has been UP since Jan 29th, 2019 at 192.01
The intermediate term trend has been DOWN since Apr 16th, 2019 at 198.80
The short term trend has been DOWN since Apr 16th, 2019 at 202.29
Smart Scan Analysis for SP500-60101060
Based on a pre-defined weighted trend formula for chart analysis, SP500-60101060 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||187.69||52wk High Date||2018-11-29|
|52wk Low||152.37||52wk Low Date||2018-02-08|