Index Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
S&P 600 Oil & Gas Drilling (Sub Ind) (CME:SP600-10101010)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 SP600-10101010
The long term trend has been DOWN since Oct 1st, 2019 at 31.65
The intermediate term trend has been DOWN since Nov 14th, 2019 at 30.98
The short term trend has been UP since Nov 22nd, 2019 at 31.21
Smart Scan Analysis for SP600-10101010
Based on a pre-defined weighted trend formula for chart analysis, SP600-10101010 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||143.45||52wk High Date||2018-07-10|
|52wk Low||76.14||52wk Low Date||2018-03-28|