Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P 600 Homebuilding (Sub Ind) (CME:SP600-25201030)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SP600-25201030
The long term trend has been DOWN since Aug 30th, 2019 at 736.39
The intermediate term trend has been DOWN since Aug 30th, 2019 at 847.64
The short term trend has been UP since Sep 11th, 2019 at 932.54
Smart Scan Analysis for SP600-25201030
Based on a pre-defined weighted trend formula for chart analysis, SP600-25201030 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||884.24||52wk High Date||2018-01-09|
|52wk Low||543.5||52wk Low Date||2018-10-23|