Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P 500 ISSUES NET TICK (DTN:@JT6T)
Smart Scan Chart Analysis indicates that the downward 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 @JT6T
The long term trend has been UP since Oct 10th, 2018 at 353
The intermediate term trend has been DOWN since Oct 15th, 2018 at -350
The short term trend has been DOWN since Oct 19th, 2018 at -352
Smart Scan Analysis for @JT6T
Based on a pre-defined weighted trend formula for chart analysis, @JT6T scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).