Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
PHLX EQUITY ETF CALLS TRIN INDEX TOTAL (DTN:@SCXFT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 @SCXFT
The long term trend has been DOWN since Oct 4th, 2018 at 0.1610
The intermediate term trend has been DOWN since Nov 13th, 2018 at 0.1894
The short term trend has been UP since Nov 30th, 2018 at 2.9575
Smart Scan Analysis for @SCXFT
Based on a pre-defined weighted trend formula for chart analysis, @SCXFT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).