Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
NASDAQ EMERGING SM-CAP INDEX (NASDAQ:NQEMSC)
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 NQEMSC
The long term trend has been DOWN since Apr 24th, 2018 at 1258.85
The intermediate term trend has been DOWN since Aug 13th, 2018 at 1167.58
The short term trend has been UP since Oct 16th, 2018 at 1056.72
Smart Scan Analysis for NQEMSC
Based on a pre-defined weighted trend formula for chart analysis, NQEMSC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1364.63||52wk High Date||2018-01-29|
|52wk Low||1034.45||52wk Low Date||2018-10-11|