Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
S&P 100 ISSUES VOLUME UP (DTN:@VI8A)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 @VI8A
The long term trend has been DOWN since Feb 13th, 2018 at 156
The intermediate term trend has been DOWN since Apr 6th, 2018 at 86
The short term trend has been UP since May 21st, 2018 at 444259
Smart Scan Analysis for @VI8A
Based on a pre-defined weighted trend formula for chart analysis, @VI8A scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).