Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
PHLX EQUITY ONLY VOLUME RATIO (DTN:@VRXRT)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 @VRXRT
The long term trend has been DOWN since Nov 5th, 2018 at 0.1722
The intermediate term trend has been UP since Nov 12th, 2018 at 1.4804
The short term trend has been UP since Nov 27th, 2018 at 0.8019
Smart Scan Analysis for @VRXRT
Based on a pre-defined weighted trend formula for chart analysis, @VRXRT scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).