Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
FIRST TRUST TAXABLE FIXED INCOME CLOSED (CME:TXCEF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 TXCEF
The long term trend has been DOWN since Aug 10th, 2017 at 799.04
The intermediate term trend has been UP since Jul 9th, 2018 at 770.45
The short term trend has been DOWN since Jul 12th, 2018 at 769.66
Smart Scan Analysis for TXCEF
Based on a pre-defined weighted trend formula for chart analysis, TXCEF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||818.79||52wk High Date||2017-08-01|
|52wk Low||762.62||52wk Low Date||2018-02-09|