Index Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
VELOCITYSHARES DAILY LONG VIX MEDIUM-TER (NASDAQ:VIIZ.IV)
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 VIIZ.IV
The long term trend has been DOWN since Jun 5th, 2018 at 63.20
The intermediate term trend has been DOWN since Jul 12th, 2018 at 61.34
The short term trend has been UP since Aug 10th, 2018 at 60.14
Smart Scan Analysis for VIIZ.IV
Based on a pre-defined weighted trend formula for chart analysis, VIIZ.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||81.6||52wk High Date||2018-02-05|
|52wk Low||6.21||52wk Low Date||2018-06-08|