Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
NASDAQ EM MEA BASIC MATLS NTR INDEX (NASDAQ:NQEMMEA1000N)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 NQEMMEA1000N
The long term trend has been UP since Jul 9th, 2018 at 519.74
The intermediate term trend has been DOWN since Oct 8th, 2018 at 492.03
The short term trend has been UP since Oct 12th, 2018 at 511.90
Smart Scan Analysis for NQEMMEA1000N
Based on a pre-defined weighted trend formula for chart analysis, NQEMMEA1000N scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||588.22||52wk High Date||2018-01-25|
|52wk Low||444.5||52wk Low Date||2018-06-15|