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Index Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

Dow Jones U.S. Banks Total Return Index (INDEX:DJUSBKT)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

INDEX_DJUSBKT
Open High Low DJUSBKT Price Change
884.35 902.03 881.93 884.35 -16.18
Entry Signal

MarketClub’s Trade Triangles for DJUSBKT

long term down The long term trend has been DOWN since Aug 14th, 2019 at 875.91

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2019 at 942.96

short term up The short term trend has been UP since Aug 23rd, 2019 at 900.53

Smart Scan Analysis for DJUSBKT

Based on a pre-defined weighted trend formula for chart analysis, DJUSBKT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for DJUSBKT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
884.35 902.03 881.93 884.35 -16.18
Prev. Close Volume Bid Ask Time
904.2 0 2019-08-23 12:20:47
52wk High1057.4852wk High Date2018-01-29
52wk Low870.6952wk Low Date2018-10-24
Want to analyze Dow Jones U.S. Banks Total Return Index DJUSBKT or another symbol? Try our Free Index Trend Analysis Report.