Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
PHLX CALLS TRIN INDEX (DTN:@SCXT)
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 @SCXT
The long term trend has been DOWN since Sep 18th, 2018 at 0.3377
The intermediate term trend has been DOWN since Nov 5th, 2018 at 0.4798
The short term trend has been UP since Nov 29th, 2018 at 2.1322
Smart Scan Analysis for @SCXT
Based on a pre-defined weighted trend formula for chart analysis, @SCXT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).