Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
OMRX Total Market Index (NASDAQ:OMRXTOT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 OMRXTOT
The long term trend has been UP since Jan 2nd, 2019 at 6020.88
The intermediate term trend has been DOWN since Oct 14th, 2019 at 6149.19
The short term trend has been DOWN since Oct 9th, 2019 at 6180.51
Smart Scan Analysis for OMRXTOT
Based on a pre-defined weighted trend formula for chart analysis, OMRXTOT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).