Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
DAIWA ETF JAPAN NIL 225 2X INVERSE ETF IOP (PACF:C366.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 C366.IV
The long term trend has been DOWN since May 13th, 2018 at 3128.8442
The intermediate term trend has been UP since Oct 10th, 2018 at 2968.0984
The short term trend has been DOWN since Oct 16th, 2018 at 3003.6408
Smart Scan Analysis for C366.IV
Based on a pre-defined weighted trend formula for chart analysis, C366.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4029.089||52wk High Date||2018-03-26|
|52wk Low||2595.489||52wk Low Date||2018-10-02|