Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
S&P 600 Consumer Services (Industry Group) (CME:SP600-2530)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SP600-2530
The long term trend has been DOWN since Sep 26th, 2019 at 1023.56
The intermediate term trend has been DOWN since Sep 10th, 2019 at 1073.23
The short term trend has been UP since Oct 11th, 2019 at 1002.55
Smart Scan Analysis for SP600-2530
Based on a pre-defined weighted trend formula for chart analysis, SP600-2530 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1063.74000000||52wk High Date||2018-10-01|
|52wk Low||783.38000000||52wk Low Date||2018-02-09|