Index Trend Analysis Report
Prepared for you on Tuesday, October 15, 2019.
Dow Jones Commodity Index Lean Hogs TR (INDEX:DJCILHT)
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 DJCILHT
The long term trend has been DOWN since Aug 2nd, 2019 at 15.030
The intermediate term trend has been DOWN since Oct 7th, 2019 at 14.218
The short term trend has been UP since Oct 9th, 2019 at 15.037
Smart Scan Analysis for DJCILHT
Based on a pre-defined weighted trend formula for chart analysis, DJCILHT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).