Index Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
S&P TOTAL MARKET INDEX FOOD BEV & TABACO (CME:STM3020)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 STM3020
The long term trend has been DOWN since Dec 17th, 2018 at 3043.38
The intermediate term trend has been UP since Jan 15th, 2019 at 2905.90
The short term trend has been DOWN since Feb 22nd, 2019 at 3025.16
Smart Scan Analysis for STM3020
Based on a pre-defined weighted trend formula for chart analysis, STM3020 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3540.98||52wk High Date||2018-01-29|
|52wk Low||2917.38||52wk Low Date||2018-05-03|