Index Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
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 SPTEST2
The long term trend has been DOWN since Aug 14th, 2019 at 1234.42
The intermediate term trend has been UP since Oct 15th, 2019 at 1305.56
The short term trend has been UP since Oct 8th, 2019 at 1274.27
Smart Scan Analysis for SPTEST2
Based on a pre-defined weighted trend formula for chart analysis, SPTEST2 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1494.61000000||52wk High Date||2018-01-25|
|52wk Low||1197.35000000||52wk Low Date||2018-10-26|