Index Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
NASDAQ EMERGING BANKS INDEX (NASDAQ:NQEM8300)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 3rd, 2018 at 1205.97
The intermediate term trend has been DOWN since Feb 8th, 2018 at 1244.65
The short term trend has been DOWN since Jun 6th, 2018 at 1160.98
Smart Scan Analysis for NQEM8300
Based on a pre-defined weighted trend formula for chart analysis, NQEM8300 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1359.89||52wk High Date||2018-01-29|
|52wk Low||1040.74||52wk Low Date||2017-07-07|