Index Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
S&P 500 VIX FUTURES 2 MONTH IND TRUST (CME:SPVIX2MT)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPVIX2MT
The long term trend has been DOWN since Mar 30th, 2016 at 3973.79
The intermediate term trend has been DOWN since Sep 12th, 2017 at 1111.00
The short term trend has been DOWN since Oct 20th, 2017 at 913.91
Smart Scan Analysis for SPVIX2MT
Based on a pre-defined weighted trend formula for chart analysis, SPVIX2MT scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2927.08||52wk High Date||2016-11-03|
|52wk Low||899.74||52wk Low Date||2017-10-20|