Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
S&P 500 (CME:SP500)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 SP500
The long term trend has been UP since Mar 4th, 2019 at 2813.49
The intermediate term trend has been DOWN since Oct 1st, 2019 at 2945.53
The short term trend has been UP since Oct 7th, 2019 at 2953.74
Smart Scan Analysis for SP500
Based on a pre-defined weighted trend formula for chart analysis, SP500 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2940.91000000||52wk High Date||2018-09-21|
|52wk Low||2532.69000000||52wk Low Date||2018-02-09|