Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
S&P 600 Automobiles & Components (Industry Group) (CME:SP600-2510)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SP600-2510
The long term trend has been DOWN since May 23rd, 2019 at 232.69
The intermediate term trend has been UP since Sep 9th, 2019 at 218.69
The short term trend has been UP since Sep 5th, 2019 at 207.40
Smart Scan Analysis for SP600-2510
Based on a pre-defined weighted trend formula for chart analysis, SP600-2510 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||298.87||52wk High Date||2018-08-27|
|52wk Low||224.33||52wk Low Date||2018-10-24|