Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
CBOE INDEX VOLUME RATIO (DTN:@VRCIT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 @VRCIT
The long term trend has been UP since Sep 25th, 2018 at 10.0253
The intermediate term trend has been DOWN since Oct 4th, 2018 at 0.4871
The short term trend has been DOWN since Oct 11th, 2018 at 0.7765
Smart Scan Analysis for @VRCIT
Based on a pre-defined weighted trend formula for chart analysis, @VRCIT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).