Index Trend Analysis Report
Prepared for you on Saturday, March 17, 2018.
NASDAQ EMERGING CHEMICALS TRUST INDEX (NASDAQ:NQEM1300T)
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 NQEM1300T
The long term trend has been UP since Aug 9th, 2016 at 945.47
The intermediate term trend has been UP since Feb 25th, 2018 at 1313.63
The short term trend has been DOWN since Mar 15th, 2018 at 1313.60
Smart Scan Analysis for NQEM1300T
Based on a pre-defined weighted trend formula for chart analysis, NQEM1300T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1375.02||52wk High Date||2018-01-29|
|52wk Low||1063.65||52wk Low Date||2017-03-16|