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Index Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

NASDAQ BIOTECH INDEX (NASDAQ:NBI)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

NASDAQ_NBI
Open High Low NBI Price Change
3564.46 3591.77 3493.42 3496.93 -55.32
Entry Signal

MarketClub’s Trade Triangles for NBI

long term down The long term trend has been DOWN since Oct 11th, 2018 at 3421.45

intermediate term down The intermediate term trend has been DOWN since Oct 5th, 2018 at 3647.59

short term up The short term trend has been UP since Oct 16th, 2018 at 3515.16

Smart Scan Analysis for NBI

Based on a pre-defined weighted trend formula for chart analysis, NBI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for NBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3564.46 3591.77 3493.42 3496.93 -55.32
Prev. Close Volume Bid Ask Time
3552.25 0 2018-10-19 16:00:01
52wk High3865.8852wk High Date2018-10-01
52wk Low3152.6852wk Low Date2018-04-06
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