Index Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Dow Jones Global Industrials Index (INDEX:W1IDU)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 W1IDU
The long term trend has been UP since Feb 5th, 2019 at 361.00
The intermediate term trend has been UP since Sep 4th, 2019 at 372.83
The short term trend has been DOWN since Sep 17th, 2019 at 385.18
Smart Scan Analysis for W1IDU
Based on a pre-defined weighted trend formula for chart analysis, W1IDU scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||416.59||52wk High Date||2018-01-29|
|52wk Low||335.51||52wk Low Date||2018-10-29|