Index Trend Analysis Report
Prepared for you on Thursday, August 16, 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.
MarketClub’s Trade Triangles for NQG8300
The long term trend has been DOWN since Apr 2nd, 2018 at 1364.01
The intermediate term trend has been DOWN since Aug 13th, 2018 at 1314.26
The short term trend has been DOWN since Aug 10th, 2018 at 1341.02
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).
|52wk High||1531.92||52wk High Date||2018-01-29|
|52wk Low||1265.69||52wk Low Date||2018-06-28|