Index Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
BARCLAYS BANK PLC IPATH BLOOMBERG ENERGY S (PACF:JJETF.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 JJETF.IV
The long term trend has been DOWN since Nov 23rd, 2018 at 6.6925
The intermediate term trend has been DOWN since Nov 20th, 2018 at 6.8369
The short term trend has been UP since Nov 28th, 2018 at 6.8486
Smart Scan Analysis for JJETF.IV
Based on a pre-defined weighted trend formula for chart analysis, JJETF.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8.1507||52wk High Date||2018-10-03|
|52wk Low||6.5532||52wk Low Date||2018-11-27|