Index Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
NYSE Multi-Asset High Income Index (Price Return) (GIF:NYMLTI)
Bull Market Weakness (+75) - NYMLTI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NYMLTI as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NYMLTI?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYMLTI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYMLTI
The long-term trend has been DOWN since Feb 26th, 2020 at 937.29
The intermediate-term trend has been UP since May 20th, 2020 at 719.39
The short-term trend has been UP since May 18th, 2020 at 690.78
Smart Scan Analysis for NYMLTI
Based on our trend formula, NYMLTI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).