Index Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
NASDAQ NGM ISSUES TICKS DOWN (DTN:@TIMD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 @TIMD
The long term trend has been DOWN since Oct 12th, 2018 at 141
The intermediate term trend has been DOWN since Oct 12th, 2018 at 179
The short term trend has been UP since Nov 27th, 2018 at 467
Smart Scan Analysis for @TIMD
Based on a pre-defined weighted trend formula for chart analysis, @TIMD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).