Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
PHLX INDEX PUTS ISSUES TOTAL (DTN:@IPXIT)
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 @IPXIT
The long term trend has been UP since Oct 4th, 2018 at 430
The intermediate term trend has been UP since Oct 1st, 2018 at 370
The short term trend has been UP since Oct 18th, 2018 at 494
Smart Scan Analysis for @IPXIT
Based on a pre-defined weighted trend formula for chart analysis, @IPXIT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).