Index Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Dow Jones Commodity Index Lead ER (INDEX:DJCIILP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DJCIILP
The long term trend has been UP since Jul 18th, 2019 at 285.86
The intermediate term trend has been DOWN since Nov 6th, 2019 at 300.60
The short term trend has been DOWN since Oct 31st, 2019 at 311.55
Smart Scan Analysis for DJCIILP
Based on a pre-defined weighted trend formula for chart analysis, DJCIILP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).