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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.

CME_SP600-151020
Open High Low SP600-151020 Price Change
1350.18 1353.79 1327.23 1331.49 -11.81
Entry Signal

MarketClub’s Trade Triangles for SP600-151020

long term down The long term trend has been DOWN since Dec 9th, 2019 at 1282.94

intermediate term down The intermediate term trend has been DOWN since Jan 14th, 2020 at 1319.77

short term up 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).

-85
Smart Scan Analysis for SP600-151020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1350.18 1353.79 1327.23 1331.49 -11.81
Prev. Close Volume Bid Ask Time
1345.43 111427 2020-01-17 13:19:26
52wk High2830.2452wk High Date2017-12-11
52wk Low908.152wk Low Date2018-10-26
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