Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
NYA COMPOSITE ISSUES TOTAL (DTN:@II7T)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 @II7T
The long term trend has been DOWN since Jan 15th, 2016 at 1982
The intermediate term trend has been DOWN since Mar 24th, 2016 at 1874
The short term trend has been DOWN since Jul 10th, 2018 at 1791
Smart Scan Analysis for @II7T
Based on a pre-defined weighted trend formula for chart analysis, @II7T scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).