Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
BATS EQUITY ETF CALLS VOLUME ADVANCES (DTN:@VCZFA)
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 @VCZFA
The long term trend has been UP since Sep 20th, 2018 at 195
The intermediate term trend has been UP since Aug 24th, 2018 at 190
The short term trend has been DOWN since Oct 15th, 2018 at 117
Smart Scan Analysis for @VCZFA
Based on a pre-defined weighted trend formula for chart analysis, @VCZFA scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).