Index Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
DIREXION DAILY RUSSIA BEAR 3X SHARES (PACF:RUSS.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 RUSS.IV
The long term trend has been DOWN since Jul 9th, 2018 at 16.7849
The intermediate term trend has been DOWN since Sep 13th, 2018 at 20.6884
The short term trend has been UP since Oct 18th, 2018 at 18.1539
Smart Scan Analysis for RUSS.IV
Based on a pre-defined weighted trend formula for chart analysis, RUSS.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||25.992||52wk High Date||2017-12-01|
|52wk Low||14.4065||52wk Low Date||2018-02-26|