Index Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
NASDAQ NGSM 200 DAY MOVING AVG BELOW (DTN:@M200GB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 @M200GB
The long term trend has been DOWN since Jun 11th, 2018 at 31.88
The intermediate term trend has been DOWN since Jun 11th, 2018 at 32.02
The short term trend has been UP since Jun 14th, 2018 at 33.96
Smart Scan Analysis for @M200GB
Based on a pre-defined weighted trend formula for chart analysis, @M200GB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).