Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P Select Sector Capped 20% Materials Index Net TR (CME:SPSUMN)
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 SPSUMN
The long term trend has been UP since Feb 20th, 2019 at 306.52
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 318.89
The short term trend has been UP since Aug 19th, 2019 at 317.54
Smart Scan Analysis for SPSUMN
Based on a pre-defined weighted trend formula for chart analysis, SPSUMN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||344.32||52wk High Date||2018-01-26|
|52wk Low||274.66||52wk Low Date||2018-10-26|