Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
DIREXION DAILY RUSSIA BEAR 3X SHARES (PACF:RUSS.IV)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 RUSS.IV
The long term trend has been DOWN since Jul 9th, 2018 at 16.7849
The intermediate term trend has been UP since Aug 8th, 2018 at 19.6014
The short term trend has been UP since Aug 2nd, 2018 at 17.8338
Smart Scan Analysis for RUSS.IV
Based on a pre-defined weighted trend formula for chart analysis, RUSS.IV scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||32.6396||52wk High Date||2017-08-18|
|52wk Low||14.4065||52wk Low Date||2018-02-26|