Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
NASDAQ NGM 20 DAY MOVING AVG ABOVE (DTN:@M20MV)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 @M20MV
The long term trend has been DOWN since Mar 23rd, 2018 at 26.84
The intermediate term trend has been DOWN since Sep 11th, 2018 at 40.55
The short term trend has been UP since Sep 20th, 2018 at 43.71
Smart Scan Analysis for @M20MV
Based on a pre-defined weighted trend formula for chart analysis, @M20MV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).