Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
NASDAQ EMERGING BANKS INDEX (NASDAQ:NQEM8300)
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 NQEM8300
The long term trend has been UP since Dec 4th, 2018 at 1126.90
The intermediate term trend has been UP since Nov 2nd, 2018 at 1072.67
The short term trend has been DOWN since Dec 5th, 2018 at 1115.41
Smart Scan Analysis for NQEM8300
Based on a pre-defined weighted trend formula for chart analysis, NQEM8300 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1359.89||52wk High Date||2018-01-29|
|52wk Low||1032.72||52wk Low Date||2018-09-12|