Index Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
RUSSELL 2000 MINI PREMIER (DTN:@PRRM)
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 @PRRM
The long term trend has been DOWN since May 16th, 2017 at -21.042
The intermediate term trend has been DOWN since May 12th, 2017 at -9.380
The short term trend has been UP since May 18th, 2017 at 5.530
Smart Scan Analysis for @PRRM
Based on a pre-defined weighted trend formula for chart analysis, @PRRM scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).