Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
MIAX PUTS ISSUES DECLINES (DTN:@IPMD)
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 @IPMD
The long term trend has been UP since May 10th, 2018 at 6456
The intermediate term trend has been UP since May 9th, 2018 at 6197
The short term trend has been UP since May 21st, 2018 at 4989
Smart Scan Analysis for @IPMD
Based on a pre-defined weighted trend formula for chart analysis, @IPMD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).