Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
SPDR LEHMAN BROS HIGH YIELD BOND EST VALUE [EST CASH/UNIT] (PACF:JNK.EU)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 JNK.EU
The long term trend has been DOWN since Oct 26th, 2018 at 600524.75
The intermediate term trend has been DOWN since Oct 26th, 2018 at 719241.69
The short term trend has been UP since Nov 14th, 2018 at 562875.32
Smart Scan Analysis for JNK.EU
Based on a pre-defined weighted trend formula for chart analysis, JNK.EU scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1041047||52wk High Date||2018-10-18|
|52wk Low||411147.8||52wk Low Date||2017-11-17|