Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
DIREXION DLY RETAIL 3X BL IV (PACF:RETL.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 RETL.IV
The long term trend has been DOWN since Oct 5th, 2018 at 40.2771
The intermediate term trend has been DOWN since Nov 19th, 2018 at 33.7872
The short term trend has been UP since Nov 26th, 2018 at 32.5891
Smart Scan Analysis for RETL.IV
Based on a pre-defined weighted trend formula for chart analysis, RETL.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||53.2325||52wk High Date||2018-08-22|
|52wk Low||29.1462||52wk Low Date||2018-04-02|