Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
PHLX EQUITY PUTS ISSUES DECLINE (DTN:@IPXED)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 @IPXED
The long term trend has been DOWN since Jun 18th, 2018 at 142
The intermediate term trend has been UP since Oct 16th, 2018 at 8500
The short term trend has been UP since Oct 16th, 2018 at 7340
Smart Scan Analysis for @IPXED
Based on a pre-defined weighted trend formula for chart analysis, @IPXED scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).