Index Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
NASDAQ EM EUROPE BASIC RESOURCES INDEX (NASDAQ:NQEMEU1700)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 NQEMEU1700
The long term trend has been UP since Jan 4th, 2018 at 902.87
The intermediate term trend has been UP since Dec 20th, 2017 at 844.86
The short term trend has been DOWN since Jan 17th, 2018 at 921.47
Smart Scan Analysis for NQEMEU1700
Based on a pre-defined weighted trend formula for chart analysis, NQEMEU1700 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||944.42||52wk High Date||2018-01-15|
|52wk Low||666.37||52wk Low Date||2017-06-22|