Index Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
S&P 600 WATER UTIL SUB IND (CME:SP600-55104010)
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 SP600-55104010
The long term trend has been UP since Feb 7th, 2019 at 3252.86
The intermediate term trend has been DOWN since Apr 1st, 2019 at 3389.59
The short term trend has been DOWN since Mar 28th, 2019 at 3430.01
Smart Scan Analysis for SP600-55104010
Based on a pre-defined weighted trend formula for chart analysis, SP600-55104010 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3153.11||52wk High Date||2018-11-28|
|52wk Low||2348.02||52wk Low Date||2018-03-06|