Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
SPX PUT VOLUME (DTN:@VP2T)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 @VP2T
The long term trend has been DOWN since Aug 4th, 2016 at 460
The intermediate term trend has been DOWN since Sep 25th, 2018 at 1815
The short term trend has been DOWN since Oct 8th, 2018 at 6636
Smart Scan Analysis for @VP2T
Based on a pre-defined weighted trend formula for chart analysis, @VP2T scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).