Index Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
RUSSELL 2000 ISSUES VOLUME UNCHG (DTN:@VIRU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 @VIRU
The long term trend has been DOWN since Apr 24th, 2017 at 300
The intermediate term trend has been DOWN since Oct 19th, 2017 at 482
The short term trend has been DOWN since Oct 19th, 2017 at 538
Smart Scan Analysis for @VIRU
Based on a pre-defined weighted trend formula for chart analysis, @VIRU scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).