Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
PHLX INDEX PUTS TICKS DOWN (DTN:@TPXID)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 @TPXID
The long term trend has been UP since Oct 12th, 2018 at 309
The intermediate term trend has been UP since Sep 20th, 2018 at 252
The short term trend has been DOWN since Oct 17th, 2018 at 258
Smart Scan Analysis for @TPXID
Based on a pre-defined weighted trend formula for chart analysis, @TPXID scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).