Index Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
ULTRA-SHORT CONS SERVICES PROSHARES IND VALUE (PACF:SCC.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 SCC.IV
The long term trend has been DOWN since Nov 13th, 2017 at 28.1858
The intermediate term trend has been DOWN since Apr 17th, 2018 at 22.1043
The short term trend has been UP since May 23rd, 2018 at 21.8145
Smart Scan Analysis for SCC.IV
Based on a pre-defined weighted trend formula for chart analysis, SCC.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||30.7561||52wk High Date||2017-08-29|
|52wk Low||19.8351||52wk Low Date||2018-01-29|