Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
NASDAQ DM ASPA CONSUMER SERVICES TRUST INDEX (NASDAQ:NQDMASPA5000T)
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 NQDMASPA5000T
The long term trend has been DOWN since Jul 2nd, 2018 at 1534.66
The intermediate term trend has been DOWN since Oct 7th, 2018 at 1519.94
The short term trend has been UP since Oct 17th, 2018 at 1485.05
Smart Scan Analysis for NQDMASPA5000T
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA5000T scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1644.71||52wk High Date||2018-06-13|
|52wk Low||1422.77||52wk Low Date||2017-10-27|