Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
MERCURY EQUITY ETF PUTS TICKS TOTAL (DTN:@TPJFT)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 @TPJFT
The long term trend has been UP since Oct 4th, 2018 at 184
The intermediate term trend has been UP since Oct 4th, 2018 at 142
The short term trend has been DOWN since Oct 15th, 2018 at 254
Smart Scan Analysis for @TPJFT
Based on a pre-defined weighted trend formula for chart analysis, @TPJFT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).