Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
CBOE PUTS ISSUES DECLINES (DTN:@IPCD)
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 @IPCD
The long term trend has been DOWN since Nov 9th, 2018 at 103
The intermediate term trend has been DOWN since Nov 9th, 2018 at 111
The short term trend has been UP since Nov 28th, 2018 at 16996
Smart Scan Analysis for @IPCD
Based on a pre-defined weighted trend formula for chart analysis, @IPCD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).