Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
NASDAQ EMERGING FOOD & BEVERAGE INDEX (NASDAQ:NQEM3500)
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 NQEM3500
The long term trend has been DOWN since Apr 25th, 2018 at 853.63
The intermediate term trend has been DOWN since Aug 10th, 2018 at 833.08
The short term trend has been UP since Aug 20th, 2018 at 820.11
Smart Scan Analysis for NQEM3500
Based on a pre-defined weighted trend formula for chart analysis, NQEM3500 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||932.51||52wk High Date||2018-01-25|
|52wk Low||796.79||52wk Low Date||2018-05-30|