Index Trend Analysis Report
Prepared for you on Saturday, March 24, 2018.
NASDAQ NGSM ISSUES UNCHG (DTN:@IIGU)
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 @IIGU
The long term trend has been DOWN since Nov 16th, 2017 at 14
The intermediate term trend has been UP since Feb 27th, 2018 at 142
The short term trend has been DOWN since Mar 19th, 2018 at 23
Smart Scan Analysis for @IIGU
Based on a pre-defined weighted trend formula for chart analysis, @IIGU scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).