Index Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
TECH SELECT SECURITY SPDR TO[TOTAL CASH/UNIT] (PACF:XLK.TC)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 XLK.TC
The long term trend has been DOWN since Jun 18th, 2018 at 714.82
The intermediate term trend has been UP since Oct 16th, 2018 at 1823.89
The short term trend has been UP since Oct 5th, 2018 at 139.11
Smart Scan Analysis for XLK.TC
Based on a pre-defined weighted trend formula for chart analysis, XLK.TC scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14276.69||52wk High Date||2018-06-04|
|52wk Low||-8737.82||52wk Low Date||2018-09-24|