Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
SPDR RETAIL ETF INTRADAY IND VALUE (PACF:XRT.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 XRT.IV
The long term trend has been DOWN since Oct 5th, 2018 at 47.9229
The intermediate term trend has been DOWN since Nov 19th, 2018 at 45.9478
The short term trend has been UP since Nov 26th, 2018 at 45.5096
Smart Scan Analysis for XRT.IV
Based on a pre-defined weighted trend formula for chart analysis, XRT.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||52.8974||52wk High Date||2018-08-22|
|52wk Low||42.6278||52wk Low Date||2017-12-01|