Index Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
S&P 500 TRIN (DTN:@RI6T)
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 @RI6T
The long term trend has been UP since Oct 29th, 2018 at 3.7859
The intermediate term trend has been UP since Oct 29th, 2018 at 3.3103
The short term trend has been UP since Oct 29th, 2018 at 2.9233
Smart Scan Analysis for @RI6T
Based on a pre-defined weighted trend formula for chart analysis, @RI6T scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).