Index Trend Analysis Report
Prepared for you on Saturday, June 24, 2017.
NYA COMPOSITE TRIN (DTN:@RI7T)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jun 6th, 2017 at 0.4576
The short term trend has been DOWN since Jun 23rd, 2017 at 0.6892
Smart Scan Analysis for @RI7T
Based on a pre-defined weighted trend formula for chart analysis, @RI7T scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).