Index Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
S&P 600 ELEESTRICAL EQUIPMENT INDUSTRY (CME:SP600-201040)
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 SP600-201040
The long term trend has been UP since Feb 20th, 2019 at 1086.41
The intermediate term trend has been DOWN since Mar 7th, 2019 at 1006.13
The short term trend has been DOWN since Mar 14th, 2019 at 1010.12
Smart Scan Analysis for SP600-201040
Based on a pre-defined weighted trend formula for chart analysis, SP600-201040 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1261.33||52wk High Date||2018-08-08|
|52wk Low||849.45||52wk Low Date||2017-12-01|