Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
DJ SELECT MICRO-CAP INDEX (INDEX:DJSM)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DJSM
The long term trend has been DOWN since Oct 1st, 2018 at 2789.13
The intermediate term trend has been DOWN since Sep 12th, 2018 at 2857.32
The short term trend has been UP since Oct 16th, 2018 at 2683.79
Smart Scan Analysis for DJSM
Based on a pre-defined weighted trend formula for chart analysis, DJSM scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2929.84||52wk High Date||2018-08-27|
|52wk Low||2448.06||52wk Low Date||2018-02-09|