Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
RUSSELL 2000 ISSUES UNCHG (DTN:@IIRU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 @IIRU
The long term trend has been DOWN since Oct 1st, 2018 at 13
The intermediate term trend has been DOWN since Oct 1st, 2018 at 24
The short term trend has been DOWN since Nov 15th, 2018 at 9
Smart Scan Analysis for @IIRU
Based on a pre-defined weighted trend formula for chart analysis, @IIRU scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).