Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
NASDAQ NGSM ISSUES UNCHG (DTN:@IIGU)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 @IIGU
The long term trend has been DOWN since Oct 4th, 2018 at 12
The intermediate term trend has been DOWN since Oct 1st, 2018 at 21
The short term trend has been DOWN since Oct 9th, 2018 at 9
Smart Scan Analysis for @IIGU
Based on a pre-defined weighted trend formula for chart analysis, @IIGU scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).