Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
PHLX EQUITY ONLY VOLUME RATIO (DTN:@VRXRT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 @VRXRT
The long term trend has been UP since Aug 30th, 2018 at 1.4686
The intermediate term trend has been UP since Oct 16th, 2018 at 0.9755
The short term trend has been DOWN since Oct 16th, 2018 at 0.2557
Smart Scan Analysis for @VRXRT
Based on a pre-defined weighted trend formula for chart analysis, @VRXRT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).