Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
CHINAAMC DIREXION NASDAQ-100 DAILY (-1X) (PACF:7331.IV)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 7331.IV
The long term trend has been DOWN since Jan 8th, 2017 at 150342
The intermediate term trend has been UP since Oct 8th, 2018 at 96112
The short term trend has been UP since Oct 2nd, 2018 at 93183
Smart Scan Analysis for 7331.IV
Based on a pre-defined weighted trend formula for chart analysis, 7331.IV scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||121581||52wk High Date||2017-10-19|
|52wk Low||92733||52wk Low Date||2018-09-28|