Index Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
NYA COMPOSITE ISSUES DECLINES (DTN:@II7D)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 @II7D
The long term trend has been DOWN since Feb 9th, 2018 at 254
The intermediate term trend has been DOWN since Aug 16th, 2018 at 293
The short term trend has been UP since Sep 21st, 2018 at 1184
Smart Scan Analysis for @II7D
Based on a pre-defined weighted trend formula for chart analysis, @II7D scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).