Index Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
NASDAQ BRIC TECH INDEX (NASDAQ:NQBRIC9000)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 NQBRIC9000
The long term trend has been DOWN since Apr 4th, 2018 at 3667.67
The intermediate term trend has been UP since May 11th, 2018 at 3707.90
The short term trend has been UP since May 18th, 2018 at 3738.52
Smart Scan Analysis for NQBRIC9000
Based on a pre-defined weighted trend formula for chart analysis, NQBRIC9000 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4259.34||52wk High Date||2018-01-24|
|52wk Low||2620.78||52wk Low Date||2017-07-04|