Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
PHLX EQUITY CALLS TICKS UP (DTN:@TCXEA)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Aug 6th, 2018 at 370
The short term trend has been DOWN since Aug 17th, 2018 at 458
Smart Scan Analysis for @TCXEA
Based on a pre-defined weighted trend formula for chart analysis, @TCXEA scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).