Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
NYSE_AMEX PUTS ISSUES DECLINES (DTN:@IPAD)
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 @IPAD
The long term trend has been UP since Feb 14th, 2018 at 4424
The intermediate term trend has been DOWN since Oct 4th, 2018 at 21
The short term trend has been DOWN since Oct 18th, 2018 at 21
Smart Scan Analysis for @IPAD
Based on a pre-defined weighted trend formula for chart analysis, @IPAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).