Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
NASDAQ EM MEA IND GOODS & SERVICES INDEX (NASDAQ:NQEMMEA2700)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 NQEMMEA2700
The long term trend has been DOWN since May 3rd, 2018 at 909.92
The intermediate term trend has been DOWN since Aug 10th, 2018 at 736.97
The short term trend has been UP since Oct 12th, 2018 at 638.11
Smart Scan Analysis for NQEMMEA2700
Based on a pre-defined weighted trend formula for chart analysis, NQEMMEA2700 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1053.02||52wk High Date||2018-02-15|
|52wk Low||606.57||52wk Low Date||2018-10-11|