Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
DJ UTIL 20 DAY MOVING AVG ABOVE (DTN:@M203V)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 @M203V
The long term trend has been DOWN since May 15th, 2018 at 13.33
The intermediate term trend has been UP since Oct 10th, 2018 at 93.33
The short term trend has been UP since Oct 18th, 2018 at 93.33
Smart Scan Analysis for @M203V
Based on a pre-defined weighted trend formula for chart analysis, @M203V scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).