Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P 600 - Pharmaceuticals (Industry) (CME:SP600-352020)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SP600-352020
The long term trend has been DOWN since Oct 8th, 2018 at 14725.06
The intermediate term trend has been UP since Oct 18th, 2019 at 10716.12
The short term trend has been UP since Oct 15th, 2019 at 10171.34
Smart Scan Analysis for SP600-352020
Based on a pre-defined weighted trend formula for chart analysis, SP600-352020 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||16471.80000000||52wk High Date||2018-08-08|
|52wk Low||9596.47000000||52wk Low Date||2017-12-06|