Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
NASDAQ NGSM CURRENT DAY NEW LOWS (DTN:@H0GL)
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 @H0GL
The long term trend has been DOWN since Aug 21st, 2018 at 26
The intermediate term trend has been UP since Oct 17th, 2018 at 1174
The short term trend has been UP since Oct 18th, 2018 at 1177
Smart Scan Analysis for @H0GL
Based on a pre-defined weighted trend formula for chart analysis, @H0GL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).