Index Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
DJ 30 INDUSTRIALS (INDEX:DJI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DJI
The long term trend has been DOWN since Dec 10th, 2018 at 24122.23
The intermediate term trend has been DOWN since Dec 6th, 2018 at 24268.74
The short term trend has been UP since Dec 13th, 2018 at 24828.29
Smart Scan Analysis for DJI
Based on a pre-defined weighted trend formula for chart analysis, DJI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26951.81||52wk High Date||2018-10-03|
|52wk Low||23344.52||52wk Low Date||2018-04-02|