Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
S&P 600 CONSUMER DISCRETIONARY (CME:SP600-25)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SP600-25
The long term trend has been DOWN since May 23rd, 2019 at 538.44
The intermediate term trend has been DOWN since May 9th, 2019 at 564.33
The short term trend has been DOWN since May 17th, 2019 at 546.99
Smart Scan Analysis for SP600-25
Based on a pre-defined weighted trend formula for chart analysis, SP600-25 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||661.16||52wk High Date||2018-08-22|
|52wk Low||517.48||52wk Low Date||2018-02-09|