Index Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
PHLX INDEX VOLUME RATIO (DTN:@VRXIT)
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 @VRXIT
The long term trend has been DOWN since Jun 6th, 2018 at 0.1661
The intermediate term trend has been DOWN since Aug 21st, 2018 at 0.2400
The short term trend has been UP since Sep 20th, 2018 at 7.6271
Smart Scan Analysis for @VRXIT
Based on a pre-defined weighted trend formula for chart analysis, @VRXIT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).