Mutual Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
DIREXION MONTHLY EMERGING MARKETS BULL 2X FUND (NASDAQ:DXELX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DXELX
The long term trend has been UP since Feb 3rd, 2017 at 38.12
The intermediate term trend has been DOWN since Mar 22nd, 2018 at 61.28
The short term trend has been DOWN since May 15th, 2018 at 59.38
Smart Scan Analysis for DXELX
Based on a pre-defined weighted trend formula for chart analysis, DXELX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||72.66||52wk High Date||2018-01-26|
|52wk Low||45.09||52wk Low Date||2017-06-15|
|Year End Close||60.18|