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Index Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

S&P 500 (CME:SP500)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

CME_SP500
Open High Low SP500 Price Change
3315.77 3316.01 3301.87 3306.36 -15.39
Entry Signal

MarketClub’s Trade Triangles for SP500

long term up The long term trend has been UP since Mar 4th, 2019 at 2813.49

intermediate term up The intermediate term trend has been UP since Dec 12th, 2019 at 3154.26

short term down The short term trend has been DOWN since Jan 23rd, 2020 at 3316.61

Smart Scan Analysis for SP500

Based on a pre-defined weighted trend formula for chart analysis, SP500 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for SP500
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3315.77 3316.01 3301.87 3306.36 -15.39
Prev. Close Volume Bid Ask Time
3265.35 161463527 2020-01-23 09:44:23
52wk High2940.9152wk High Date2018-09-21
52wk Low2532.6952wk Low Date2018-02-09
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