Index Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
S&P EQL WEIGHT TELECOM SERVICES & UTIL (CME:SP500EWUTTL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SP500EWUTTL
The long term trend has been DOWN since Dec 17th, 2018 at 396.32
The intermediate term trend has been UP since Jan 24th, 2019 at 415.39
The short term trend has been DOWN since Feb 14th, 2019 at 425.93
Smart Scan Analysis for SP500EWUTTL
Based on a pre-defined weighted trend formula for chart analysis, SP500EWUTTL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||427.77||52wk High Date||2018-11-20|
|52wk Low||357.75||52wk Low Date||2018-02-09|