Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
CBOE INDEX PUTS ISSUES UNCHG (DTN:@IPCIU)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 @IPCIU
The long term trend has been UP since Feb 28th, 2018 at 85
The intermediate term trend has been UP since Jul 11th, 2018 at 113
The short term trend has been DOWN since Aug 20th, 2018 at 6
Smart Scan Analysis for @IPCIU
Based on a pre-defined weighted trend formula for chart analysis, @IPCIU scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).