Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
S&P 600 SOFTWARE & SERVICES INDUSTRY GROUP (CME:SP600-4510)
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 SP600-4510
The long term trend has been UP since Feb 11th, 2019 at 1997.01
The intermediate term trend has been DOWN since Mar 6th, 2019 at 1991.78
The short term trend has been DOWN since Mar 22nd, 2019 at 2030.49
Smart Scan Analysis for SP600-4510
Based on a pre-defined weighted trend formula for chart analysis, SP600-4510 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2242.84||52wk High Date||2018-09-04|
|52wk Low||1664.92||52wk Low Date||2018-02-09|