Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
NASDAQ EMERGING MEDIA NTR INDEX (NASDAQ:NQEM5500N)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NQEM5500N
The long term trend has been DOWN since Feb 9th, 2018 at 2159.49
The intermediate term trend has been DOWN since Sep 4th, 2018 at 1844.31
The short term trend has been UP since Sep 13th, 2018 at 1839.64
Smart Scan Analysis for NQEM5500N
Based on a pre-defined weighted trend formula for chart analysis, NQEM5500N scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2641.67||52wk High Date||2018-01-26|
|52wk Low||1729.75||52wk Low Date||2018-09-06|