Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
PHLX EQUITY ONLY CALLS ISSUES ADVANCES (DTN:@ICXRA)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 @ICXRA
The long term trend has been DOWN since Jun 18th, 2018 at 163
The intermediate term trend has been UP since Nov 7th, 2018 at 12325
The short term trend has been DOWN since Nov 9th, 2018 at 491
Smart Scan Analysis for @ICXRA
Based on a pre-defined weighted trend formula for chart analysis, @ICXRA scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).