Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
NYA COMPOSITE ISSUES DECLINES (DTN:@II7D)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 @II7D
The long term trend has been DOWN since Feb 9th, 2018 at 254
The intermediate term trend has been UP since Jun 25th, 2018 at 1737
The short term trend has been UP since Jul 10th, 2018 at 1074
Smart Scan Analysis for @II7D
Based on a pre-defined weighted trend formula for chart analysis, @II7D scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).