Index Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
DIREXION DAILY SEMI BULL 3X SHARES IV (PACF:SOXL.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 SOXL.IV
The long term trend has been DOWN since Apr 25th, 2018 at 117.5320
The intermediate term trend has been DOWN since Oct 5th, 2018 at 138.7977
The short term trend has been UP since Nov 15th, 2018 at 106.4822
Smart Scan Analysis for SOXL.IV
Based on a pre-defined weighted trend formula for chart analysis, SOXL.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||208.8267||52wk High Date||2018-03-13|
|52wk Low||81.23||52wk Low Date||2018-10-29|