Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
CBOE PUTS TICKS TOTAL (DTN:@TPCT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 @TPCT
The long term trend has been UP since Jul 27th, 2018 at 25607
The intermediate term trend has been DOWN since Nov 1st, 2018 at 482
The short term trend has been DOWN since Nov 16th, 2018 at 545
Smart Scan Analysis for @TPCT
Based on a pre-defined weighted trend formula for chart analysis, @TPCT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).