Index Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
PHLX EQUITY ETF CALLS ISSUES ADVANCES (DTN:@ICXFA)
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.
MarketClub’s Trade Triangles for @ICXFA
The long term trend has been UP since Nov 28th, 2018 at 2518
The intermediate term trend has been UP since Nov 28th, 2018 at 2205
The short term trend has been DOWN since Nov 30th, 2018 at 59
Smart Scan Analysis for @ICXFA
Based on a pre-defined weighted trend formula for chart analysis, @ICXFA scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).