Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
MERCURY PUTS TRIN INDEX (DTN:@SPJT)
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 @SPJT
The long term trend has been DOWN since Jul 14th, 2017 at 0.0723
The intermediate term trend has been DOWN since Sep 14th, 2017 at 0.2017
The short term trend has been UP since Oct 19th, 2017 at 1.1529
Smart Scan Analysis for @SPJT
Based on a pre-defined weighted trend formula for chart analysis, @SPJT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).