Index Trend Analysis Report
Prepared for you on Saturday, March 24, 2018.
NASDAQ DM EX US OIL & GAS INDEX (NASDAQ:NQDMXUS0001)
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 NQDMXUS0001
The long term trend has been DOWN since Feb 9th, 2018 at 984.67
The intermediate term trend has been DOWN since Jan 31st, 2018 at 1072.84
The short term trend has been UP since Mar 21st, 2018 at 987.88
Smart Scan Analysis for NQDMXUS0001
Based on a pre-defined weighted trend formula for chart analysis, NQDMXUS0001 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1118.7||52wk High Date||2018-01-25|
|52wk Low||904.76||52wk Low Date||2017-08-18|