Index Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
NASDAQ DM EX US BASIC MATERIALS INDEX (NASDAQ:NQDMXUS1000)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 NQDMXUS1000
The long term trend has been DOWN since Jun 21st, 2018 at 1121.29
The intermediate term trend has been DOWN since Oct 10th, 2018 at 1049.78
The short term trend has been DOWN since Oct 18th, 2018 at 1025.49
Smart Scan Analysis for NQDMXUS1000
Based on a pre-defined weighted trend formula for chart analysis, NQDMXUS1000 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1280.31||52wk High Date||2018-01-25|
|52wk Low||1016.65||52wk Low Date||2018-10-11|