Index Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
S&P 600 Construction Materials (Industry) (CME:SP600-151020)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SP600-151020
The long term trend has been DOWN since Dec 9th, 2019 at 1282.94
The intermediate term trend has been DOWN since Jan 14th, 2020 at 1319.77
The short term trend has been UP since Jan 16th, 2020 at 1344.61
Smart Scan Analysis for SP600-151020
Based on a pre-defined weighted trend formula for chart analysis, SP600-151020 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2830.24||52wk High Date||2017-12-11|
|52wk Low||908.1||52wk Low Date||2018-10-26|