Index Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
S&P/ASX 200 VIX (ASX:XVI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 XVI
The long term trend has been DOWN since Sep 29th, 2017 at 11.428
The intermediate term trend has been DOWN since Sep 19th, 2017 at 12.006
The short term trend has been UP since Oct 20th, 2017 at 11.517
Smart Scan Analysis for XVI
Based on a pre-defined weighted trend formula for chart analysis, XVI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||21.164||52wk High Date||2014-10-13|
|52wk Low||8.842||52wk Low Date||2014-07-17|