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Index Trend Analysis Report

Prepared for you on Tuesday, September 25, 2018.

FIRST TRUST TAXABLE FIXED INCOME CLOSED (CME:TXCEF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_TXCEF
Open High Low TXCEF Price Change
767.51 768.05 767.30 767.92 +0.64
Entry Signal

MarketClub’s Trade Triangles for TXCEF

long term up The long term trend has been UP since Sep 12th, 2018 at 776.15

intermediate term down The intermediate term trend has been DOWN since Sep 17th, 2018 at 771.46

short term down The short term trend has been DOWN since Sep 17th, 2018 at 773.16

Smart Scan Analysis for TXCEF

Based on a pre-defined weighted trend formula for chart analysis, TXCEF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TXCEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
767.51 768.05 767.30 767.92 +0.64
Prev. Close Volume Bid Ask Time
767.28 0 2018-09-25 14:23:17
52wk High814.9952wk High Date2017-10-10
52wk Low762.6252wk Low Date2018-02-09
Want to analyze FIRST TRUST TAXABLE FIXED INCOME CLOSED TXCEF or another symbol? Try our Free Index Trend Analysis Report.