Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P 600 Electrical Equipment (Industry) (CME:SP600-201040)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since May 29th, 2019 at 958.68
The intermediate term trend has been UP since Jun 27th, 2019 at 1021.54
The short term trend has been UP since Jul 18th, 2019 at 1038.97
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|