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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.

CME_DRDAL50
Open High Low DRDAL50 Price Change
16990.46 17029.19 16954.19 17018.76 +28.81
Entry Signal

MarketClub’s Trade Triangles for DRDAL50

long term up The long term trend has been UP since Jul 1st, 2019 at 16159.00

intermediate term up The intermediate term trend has been UP since Oct 22nd, 2019 at 16447.44

short term down 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).

+85
Smart Scan Analysis for DRDAL50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16990.46 17029.19 16954.19 17018.76 +28.81
Prev. Close Volume Bid Ask Time
16312.96 0 2019-11-22 17:55:43
52wk High16112.8952wk High Date2018-09-21
52wk Low13699.5952wk Low Date2018-02-09
Want to analyze Guggenheim Directional Allocation Total Return Index DRDAL50 or another symbol? Try our Free Index Trend Analysis Report.