Index Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Dow Jones Industrial Average (INDEX:DJI)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DJI
The long term trend has been DOWN since May 31st, 2019 at 24883.04
The intermediate term trend has been UP since Jun 7th, 2019 at 25957.63
The short term trend has been UP since Jun 4th, 2019 at 25218.54
Smart Scan Analysis for DJI
Based on a pre-defined weighted trend formula for chart analysis, DJI scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26951.81||52wk High Date||2018-10-03|
|52wk Low||23344.52||52wk Low Date||2018-04-02|