Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
C2 CALLS TRIN INDEX (DTN:@SCWT)
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 @SCWT
The long term trend has been UP since Apr 9th, 2018 at 4.9134
The intermediate term trend has been DOWN since May 9th, 2018 at 0.1583
The short term trend has been DOWN since May 16th, 2018 at 0.6184
Smart Scan Analysis for @SCWT
Based on a pre-defined weighted trend formula for chart analysis, @SCWT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).