Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
DJ UTIL ISSUES ADVANCES (DTN:@II3A)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 @II3A
The long term trend has been DOWN since Sep 28th, 2015 at 2
The intermediate term trend has been DOWN since Sep 28th, 2015 at 2
The short term trend has been UP since Sep 21st, 2018 at 12
Smart Scan Analysis for @II3A
Based on a pre-defined weighted trend formula for chart analysis, @II3A scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).