Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
EXCHG ONLY NASDAQ 100 TICKS DOWN (DTN:@LI5D)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 @LI5D
The long term trend has been DOWN since Oct 12th, 2018 at 7
The intermediate term trend has been DOWN since Oct 12th, 2018 at 7
The short term trend has been DOWN since Oct 12th, 2018 at 7
Smart Scan Analysis for @LI5D
Based on a pre-defined weighted trend formula for chart analysis, @LI5D scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).