Index Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
NASDAQ COMMODITY 2ND FRONT GASOLINE ER (NASDAQ:NQCI2RBER)
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.
MarketClub’s Trade Triangles for NQCI2RBER
The long term trend has been DOWN since Oct 24th, 2018 at 771.31
The intermediate term trend has been DOWN since Oct 11th, 2018 at 824.85
The short term trend has been UP since Nov 29th, 2018 at 599.03
Smart Scan Analysis for NQCI2RBER
Based on a pre-defined weighted trend formula for chart analysis, NQCI2RBER scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||902.71||52wk High Date||2018-10-03|
|52wk Low||579.38||52wk Low Date||2018-11-23|