Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
SIMPLEX TOPIX BEAR - 2X ETF IOPV (PACF:C356.IV)
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 C356.IV
The long term trend has been UP since Feb 8th, 2018 at 2621.4165
The intermediate term trend has been DOWN since Jul 16th, 2018 at 2421.9634
The short term trend has been DOWN since Jul 13th, 2018 at 2460.2668
Smart Scan Analysis for C356.IV
Based on a pre-defined weighted trend formula for chart analysis, C356.IV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3259.214||52wk High Date||2017-09-06|
|52wk Low||2144.406||52wk Low Date||2018-01-23|