Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
S&P 600 General Merchandise Stores (Sub Ind) (CME:SP600-25503020)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SP600-25503020
The long term trend has been UP since Dec 6th, 2019 at 71.17
The intermediate term trend has been UP since Dec 6th, 2019 at 62.26
The short term trend has been DOWN since Jan 17th, 2020 at 80.91
Smart Scan Analysis for SP600-25503020
Based on a pre-defined weighted trend formula for chart analysis, SP600-25503020 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).