Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
NASDAQ DEVELOPED CHEMICALS INDEX (NASDAQ:NQDM1300)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQDM1300
The long term trend has been UP since Aug 9th, 2016 at 1201.70
The intermediate term trend has been UP since Aug 25th, 2017 at 1466.56
The short term trend has been UP since Sep 28th, 2017 at 1522.77
Smart Scan Analysis for NQDM1300
Based on a pre-defined weighted trend formula for chart analysis, NQDM1300 scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1558.84||52wk High Date||2017-10-13|
|52wk Low||1193.2||52wk Low Date||2016-11-09|