Index Trend Analysis Report
Prepared for you on Wednesday, January 18, 2017.
DJ 30 INDUSTRIALS (INDEX:DJI)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 DJI
The long term trend has been UP since Nov 10th, 2016 at 18668.44
The intermediate term trend has been UP since Nov 8th, 2016 at 18275.04
The short term trend has been DOWN since Jan 11th, 2017 at 19834.08
Smart Scan Analysis for DJI
Based on a pre-defined weighted trend formula for chart analysis, DJI scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||19999.63||52wk High Date||2017-01-06|
|52wk Low||15450.56||52wk Low Date||2016-01-20|