Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NASDAQ DM ASPA BASIC MATLS INDEX (NASDAQ:NQDMASPA1000)
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 NQDMASPA1000
The long term trend has been DOWN since Mar 22nd, 2018 at 1130.07
The intermediate term trend has been DOWN since Oct 10th, 2018 at 1037.02
The short term trend has been UP since Nov 15th, 2018 at 992.49
Smart Scan Analysis for NQDMASPA1000
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA1000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1286.32||52wk High Date||2018-01-29|
|52wk Low||942.35||52wk Low Date||2018-10-26|