Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
NASDAQ EMERGING CONSUMER SERVICES INDEX (NASDAQ:NQEM5000)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 NQEM5000
The long term trend has been DOWN since Apr 4th, 2018 at 1357.45
The intermediate term trend has been DOWN since Aug 10th, 2018 at 1237.46
The short term trend has been UP since Oct 16th, 2018 at 1117.29
Smart Scan Analysis for NQEM5000
Based on a pre-defined weighted trend formula for chart analysis, NQEM5000 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1546.25||52wk High Date||2018-01-26|
|52wk Low||1061.07||52wk Low Date||2018-10-11|