Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
RUSSELL 2000 TRIN (DTN:@RIRT)
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 @RIRT
The long term trend has been DOWN since Sep 24th, 2018 at 0.1845
The intermediate term trend has been DOWN since Oct 18th, 2018 at 0.1771
The short term trend has been DOWN since Oct 17th, 2018 at 0.5276
Smart Scan Analysis for @RIRT
Based on a pre-defined weighted trend formula for chart analysis, @RIRT scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).