Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
NYA COMPOSITE NET ISSUES (DTN:@JI7T)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 @JI7T
The long term trend has been DOWN since Aug 10th, 2017 at -1786
The intermediate term trend has been UP since Oct 10th, 2017 at 1067
The short term trend has been DOWN since Oct 12th, 2017 at -409
Smart Scan Analysis for @JI7T
Based on a pre-defined weighted trend formula for chart analysis, @JI7T scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).