Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ DM EX US BASIC MATERIALS INDEX (NASDAQ:NQDMXUS1000)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQDMXUS1000
The long term trend has been UP since Aug 23rd, 2017 at 1081.05
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 1227.83
The short term trend has been DOWN since Mar 22nd, 2018 at 1151.03
Smart Scan Analysis for NQDMXUS1000
Based on a pre-defined weighted trend formula for chart analysis, NQDMXUS1000 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1280.31||52wk High Date||2018-01-25|
|52wk Low||1051.06||52wk Low Date||2017-08-15|