Index Trend Analysis Report
Prepared for you on Saturday, March 25, 2017.
NASDAQ COMPOSITE INDEX (COMBINED) (NASDAQ:COMP)
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 COMP
The long term trend has been UP since Nov 18th, 2016 at 5342.88
The intermediate term trend has been DOWN since Mar 21st, 2017 at 5812.08
The short term trend has been DOWN since Mar 21st, 2017 at 5887.24
Smart Scan Analysis for COMP
Based on a pre-defined weighted trend formula for chart analysis, COMP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5928.06||52wk High Date||2017-03-21|
|52wk Low||4574.25||52wk Low Date||2016-06-27|