Index Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
S&P 600 WATER UTIL SUB IND (CME:SP600-55104010)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SP600-55104010
The long term trend has been DOWN since Dec 18th, 2018 at 2703.13
The intermediate term trend has been DOWN since Dec 18th, 2018 at 2975.77
The short term trend has been UP since Jan 17th, 2019 at 3049.27
Smart Scan Analysis for SP600-55104010
Based on a pre-defined weighted trend formula for chart analysis, SP600-55104010 scored -55 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|