Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
EXCHG ONLY S&P 500 TICKS UP (DTN:@LI6A)
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 @LI6A
The long term trend has been DOWN since Oct 17th, 2018 at 44
The intermediate term trend has been DOWN since Oct 17th, 2018 at 44
The short term trend has been DOWN since Oct 9th, 2018 at 55
Smart Scan Analysis for @LI6A
Based on a pre-defined weighted trend formula for chart analysis, @LI6A scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).