Index Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
Dow Jones U.S. Business Training & Employment Agencies Total Stock Market Index (INDEX:DWCBTE)
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.
MarketClub’s Trade Triangles for DWCBTE
The long term trend has been DOWN since May 13th, 2019 at 8761.41
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 8824.57
The short term trend has been UP since Aug 19th, 2019 at 8775.49
Smart Scan Analysis for DWCBTE
Based on a pre-defined weighted trend formula for chart analysis, DWCBTE scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11282.66||52wk High Date||2018-08-27|
|52wk Low||8296.4||52wk Low Date||2018-10-24|