Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
NASDAQ NGSM 200 DAY MOVING AVG BELOW (DTN:@M200GB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 @M200GB
The long term trend has been DOWN since Jun 11th, 2018 at 31.88
The intermediate term trend has been UP since Jul 30th, 2018 at 38.80
The short term trend has been UP since Aug 10th, 2018 at 38.87
Smart Scan Analysis for @M200GB
Based on a pre-defined weighted trend formula for chart analysis, @M200GB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).