Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
NYA COMPOSITE TRIN (DTN:@RI7T)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 @RI7T
The long term trend has been DOWN since Jul 17th, 2017 at 0.3534
The intermediate term trend has been UP since Sep 19th, 2017 at 2.0182
The short term trend has been DOWN since Oct 13th, 2017 at 0.7945
Smart Scan Analysis for @RI7T
Based on a pre-defined weighted trend formula for chart analysis, @RI7T scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).