Index Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CIX100
The long term trend has been DOWN since Nov 22nd, 2019 at 0.54006
The intermediate term trend has been DOWN since Nov 18th, 2019 at 0.62211
The short term trend has been DOWN since Nov 7th, 2019 at 0.67620
Smart Scan Analysis for CIX100
Based on a pre-defined weighted trend formula for chart analysis, CIX100 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).