Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
S&P 500 ISSUES NET TICK (DTN:@JT6T)
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 @JT6T
The long term trend has been DOWN since Mar 23rd, 2017 at -357
The intermediate term trend has been DOWN since Nov 1st, 2017 at -275
The short term trend has been UP since Nov 15th, 2017 at 216
Smart Scan Analysis for @JT6T
Based on a pre-defined weighted trend formula for chart analysis, @JT6T scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).