Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
PHLX CALLS TRIN INDEX (DTN:@SCXT)
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 @SCXT
The long term trend has been DOWN since Sep 18th, 2018 at 0.3377
The intermediate term trend has been UP since Oct 10th, 2018 at 2.3592
The short term trend has been UP since Oct 16th, 2018 at 2.0386
Smart Scan Analysis for @SCXT
Based on a pre-defined weighted trend formula for chart analysis, @SCXT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).