Index Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
DIREXION DAILY SEMI BULL 3X SHARES IV (PACF:SOXL.IV)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 SOXL.IV
The long term trend has been DOWN since Apr 25th, 2018 at 117.5320
The intermediate term trend has been UP since Aug 29th, 2018 at 171.1222
The short term trend has been DOWN since Sep 25th, 2018 at 156.4334
Smart Scan Analysis for SOXL.IV
Based on a pre-defined weighted trend formula for chart analysis, SOXL.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||208.8267||52wk High Date||2018-03-13|
|52wk Low||101.4599||52wk Low Date||2017-09-25|