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Index Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

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

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
1060.54 1067.37 1059.98 1063.61 +3.09
Entry Signal

MarketClub’s Trade Triangles for DJUSBKT

long term up The long term trend has been UP since Sep 13th, 2019 at 993.49

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 1103.25

short term down The short term trend has been DOWN since Jan 15th, 2020 at 1094.57

Smart Scan Analysis for DJUSBKT

Based on a pre-defined weighted trend formula for chart analysis, DJUSBKT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for DJUSBKT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1060.54 1067.37 1059.98 1063.61 +3.09
Prev. Close Volume Bid Ask Time
1098.53 0 2020-01-29 10:26:42
52wk High1057.4852wk High Date2018-01-29
52wk Low870.6952wk Low Date2018-10-24
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