Index Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
CBOE INDEX CALLS TICKS DOWN (DTN:@TCCID)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 @TCCID
The long term trend has been DOWN since May 10th, 2018 at 24
The intermediate term trend has been DOWN since Jul 31st, 2018 at 35
The short term trend has been UP since Aug 10th, 2018 at 835
Smart Scan Analysis for @TCCID
Based on a pre-defined weighted trend formula for chart analysis, @TCCID scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).