Index Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
NASDAQ COMPOSITE INDEX (COMBINED) (NASDAQ:COMP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Mar 9th, 2018 at 7501.58
The intermediate term trend has been UP since Aug 23rd, 2018 at 7923.35
The short term trend has been UP since Sep 13th, 2018 at 7986.32
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||8133.3||52wk High Date||2018-08-30|
|52wk Low||6343.96||52wk Low Date||2017-09-25|