Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
NASDAQ NGSM ISSUES DECLINES (DTN:@IIGD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 @IIGD
The long term trend has been DOWN since Feb 9th, 2018 at 144
The intermediate term trend has been DOWN since Jul 5th, 2018 at 184
The short term trend has been DOWN since Jul 12th, 2018 at 214
Smart Scan Analysis for @IIGD
Based on a pre-defined weighted trend formula for chart analysis, @IIGD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).