Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
NASDAQ 100 INDEX (E-MINI) Dec 2018 (E) (CME:NQ.Z18.E)
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 NQ.Z18.E
The long term trend has been DOWN since Oct 11th, 2018 at 7012.00
The intermediate term trend has been DOWN since Oct 5th, 2018 at 7422.25
The short term trend has been UP since Oct 16th, 2018 at 7197.75
Smart Scan Analysis for NQ.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, NQ.Z18.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||7728.75||Contract High Date||2018-10-01|
|Contract Low||6026.25||Contract Low Date||2017-10-02|
|Open Time||18:00||Close Time||17:00|