Index Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
NASDAQ NCM 1 MONTH NEW LOWS (DTN:@H30SL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 @H30SL
The long term trend has been DOWN since Jul 10th, 2018 at 2
The intermediate term trend has been DOWN since Jul 9th, 2018 at 4
The short term trend has been UP since Jul 11th, 2018 at 60
Smart Scan Analysis for @H30SL
Based on a pre-defined weighted trend formula for chart analysis, @H30SL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).