Index Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
NASDAQ COMPOSITE INDEX (COMBINED) (NASDAQ:COMP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 COMP
The long term trend has been UP since Nov 18th, 2016 at 5342.88
The intermediate term trend has been UP since Apr 3rd, 2017 at 5928.06
The short term trend has been DOWN since Jun 27th, 2017 at 6218.78
Smart Scan Analysis for COMP
Based on a pre-defined weighted trend formula for chart analysis, COMP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6341.7||52wk High Date||2017-06-09|
|52wk Low||4643.93||52wk Low Date||2016-06-28|