Index Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Guggenheim Directional Allocation Total Return Index (CME:DRDAL50)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 DRDAL50
The long term trend has been UP since Jul 1st, 2019 at 16159.00
The intermediate term trend has been UP since Oct 22nd, 2019 at 16447.44
The short term trend has been DOWN since Nov 22nd, 2019 at 16969.36
Smart Scan Analysis for DRDAL50
Based on a pre-defined weighted trend formula for chart analysis, DRDAL50 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||16112.89||52wk High Date||2018-09-21|
|52wk Low||13699.59||52wk Low Date||2018-02-09|