Index Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
NASDAQ NGM ISSUES TICKS DOWN (DTN:@TIMD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 12th, 2018 at 267
Smart Scan Analysis for @TIMD
Based on a pre-defined weighted trend formula for chart analysis, @TIMD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).