Index Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
NASDAQ INDUSTRIAL INDEX (NASDAQ:INDS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 INDS
The long term trend has been UP since Nov 21st, 2016 at 4417.26
The intermediate term trend has been UP since Sep 12th, 2017 at 5124.32
The short term trend has been DOWN since Sep 18th, 2017 at 5114.56
Smart Scan Analysis for INDS
Based on a pre-defined weighted trend formula for chart analysis, INDS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5281.34||52wk High Date||2017-07-27|
|52wk Low||4172.82||52wk Low Date||2016-11-04|