Index Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
NASDAQ 100 INDEX (NASDAQ:NDX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NDX
The long term trend has been DOWN since Oct 11th, 2018 at 6969.16
The intermediate term trend has been UP since Dec 4th, 2018 at 6998.80
The short term trend has been UP since Dec 12th, 2018 at 6849.38
Smart Scan Analysis for NDX
Based on a pre-defined weighted trend formula for chart analysis, NDX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7700.56||52wk High Date||2018-10-01|
|52wk Low||6164.43||52wk Low Date||2018-02-09|