Index Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
DJ 30 INDUSTRIALS (INDEX:DJI)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 DJI
The long term trend has been UP since Nov 10th, 2016 at 18668.44
The intermediate term trend has been DOWN since May 17th, 2017 at 20723.59
The short term trend has been UP since May 22nd, 2017 at 20857.13
Smart Scan Analysis for DJI
Based on a pre-defined weighted trend formula for chart analysis, DJI scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||21169.11||52wk High Date||2017-03-01|
|52wk Low||17063.08||52wk Low Date||2016-06-27|