Index Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
NYA COMPOSITE TRIN (DTN:@RI7T)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 @RI7T
The long term trend has been DOWN since Nov 9th, 2016 at 0.3245
The intermediate term trend has been UP since May 18th, 2017 at 2.0441
The short term trend has been DOWN since May 19th, 2017 at 0.5483
Smart Scan Analysis for @RI7T
Based on a pre-defined weighted trend formula for chart analysis, @RI7T scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).