Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Dorsey Wright Tech Leaders TR (NASDAQ:DWTLTR)
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.
MarketClub’s Trade Triangles for DWTLTR
The long term trend has been UP since Jan 30th, 2019 at 239.56
The intermediate term trend has been DOWN since Sep 10th, 2019 at 281.52
The short term trend has been DOWN since Sep 9th, 2019 at 287.20
Smart Scan Analysis for DWTLTR
Based on a pre-defined weighted trend formula for chart analysis, DWTLTR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).