Index Trend Analysis Report
Prepared for you on Monday, December 10, 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 negative trend to resume. Downtrend 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 DOWN since Nov 23rd, 2018 at 253
The intermediate term trend has been DOWN since Nov 6th, 2018 at 400
The short term trend has been UP since Nov 28th, 2018 at 334
Smart Scan Analysis for @IPXIT
Based on a pre-defined weighted trend formula for chart analysis, @IPXIT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).