Index Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
NYA COMPOSITE TRIN (DTN:@RI7T)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Jul 17th, 2017 at 0.4260
The short term trend has been DOWN since Aug 16th, 2017 at 0.8028
Smart Scan Analysis for @RI7T
Based on a pre-defined weighted trend formula for chart analysis, @RI7T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).