Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
INVESCO S&P 500 EQUAL WEIGHT TECH [TOTAL CASH/UNIT] (PACF:RYT.TC)
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 RYT.TC
The long term trend has been DOWN since Jun 18th, 2018 at -1550.61
The intermediate term trend has been UP since Sep 11th, 2018 at 3477.88
The short term trend has been DOWN since Sep 21st, 2018 at 9633.19
Smart Scan Analysis for RYT.TC
Based on a pre-defined weighted trend formula for chart analysis, RYT.TC scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||24590.53||52wk High Date||2017-12-15|
|52wk Low||-13239.17||52wk Low Date||2018-06-18|