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Index Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

NASDAQ GLOBAL BANKS INDEX (NASDAQ:NQG8300)

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.

NASDAQ_NQG8300
Open High Low NQG8300 Price Change
1200.53 0.00 1200.09 1200.16 +2.43
Entry Signal

MarketClub’s Trade Triangles for NQG8300

long term down The long term trend has been DOWN since Oct 8th, 2018 at 1270.55

intermediate term down The intermediate term trend has been DOWN since Sep 7th, 2018 at 1292.71

short term down The short term trend has been DOWN since Oct 18th, 2018 at 1224.51

Smart Scan Analysis for NQG8300

Based on a pre-defined weighted trend formula for chart analysis, NQG8300 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NQG8300
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1200.53 0.00 1200.09 1200.16 +2.43
Prev. Close Volume Bid Ask Time
1197.73 0 2018-10-24 00:22:00
52wk High1531.9252wk High Date2018-01-29
52wk Low1209.8652wk Low Date2018-10-22
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