Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
NASDAQ NGM 20 DAY MOVING AVG ABOVE (DTN:@M20MV)
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 @M20MV
The long term trend has been DOWN since Mar 23rd, 2018 at 26.84
The intermediate term trend has been UP since Oct 31st, 2018 at 23.72
The short term trend has been UP since Nov 26th, 2018 at 31.15
Smart Scan Analysis for @M20MV
Based on a pre-defined weighted trend formula for chart analysis, @M20MV scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).