Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
PHLX EQUITY CALLS TICKS UP (DTN:@TCXEA)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 @TCXEA
The long term trend has been DOWN since May 23rd, 2018 at 272
The intermediate term trend has been DOWN since Oct 8th, 2018 at 260
The short term trend has been UP since Oct 16th, 2018 at 10250
Smart Scan Analysis for @TCXEA
Based on a pre-defined weighted trend formula for chart analysis, @TCXEA scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).