Index Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
NASDAQ ALPHADEX GLOBAL INDEX (NASDAQ:NQDXGM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NQDXGM
The long term trend has been UP since Aug 31st, 2017 at 1095.24
The intermediate term trend has been UP since Aug 31st, 2017 at 1095.10
The short term trend has been DOWN since Oct 18th, 2017 at 1138.62
Smart Scan Analysis for NQDXGM
Based on a pre-defined weighted trend formula for chart analysis, NQDXGM scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1144.32||52wk High Date||2017-10-16|
|52wk Low||1065.68||52wk Low Date||2017-08-11|