Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
NASDAQ EQUITY ETF PUTS TICKS UP (DTN:@TPQFA)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 @TPQFA
The long term trend has been UP since Oct 4th, 2018 at 2324
The intermediate term trend has been UP since Oct 1st, 2018 at 1365
The short term trend has been DOWN since Oct 16th, 2018 at 18
Smart Scan Analysis for @TPQFA
Based on a pre-defined weighted trend formula for chart analysis, @TPQFA scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).