Index Trend Analysis Report
Prepared for you on Sunday, April 22, 2018.
NYA COMPOSITE TRIN (DTN:@RI7T)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 @RI7T
The long term trend has been UP since Jan 17th, 2018 at 3.3584
The intermediate term trend has been DOWN since Mar 16th, 2018 at 0.3465
The short term trend has been DOWN since Apr 18th, 2018 at 0.7439
Smart Scan Analysis for @RI7T
Based on a pre-defined weighted trend formula for chart analysis, @RI7T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).