Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P 600 - Wireless Telecommunication Services (Industry) (CME:SP600-501020)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SP600-501020
The long term trend has been UP since Apr 25th, 2019 at 52.15
The intermediate term trend has been DOWN since Jul 22nd, 2019 at 51.00
The short term trend has been DOWN since Jul 15th, 2019 at 53.05
Smart Scan Analysis for SP600-501020
Based on a pre-defined weighted trend formula for chart analysis, SP600-501020 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||64.36||52wk High Date||2017-11-30|
|52wk Low||45.93||52wk Low Date||2018-10-25|