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Index Trend Analysis Report

Prepared for you on Monday, April 23, 2018.

NASDAQ MEA BASIC MATLS INDEX (NASDAQ:NQMEA1000)

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.

NASDAQ_NQMEA1000
Open High Low NQMEA1000 Price Change
494.34 496.16 489.01 491.66 -5.01
Entry Signal

MarketClub’s Trade Triangles for NQMEA1000

long term down The long term trend has been DOWN since Apr 4th, 2018 at 497.64

intermediate term down The intermediate term trend has been DOWN since Mar 15th, 2018 at 516.77

short term up The short term trend has been UP since Apr 18th, 2018 at 493.91

Smart Scan Analysis for NQMEA1000

Based on a pre-defined weighted trend formula for chart analysis, NQMEA1000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for NQMEA1000
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
494.34 496.16 489.01 491.66 -5.01
Prev. Close Volume Bid Ask Time
496.67 0 2018-04-23 11:45:00
52wk High584.0652wk High Date2018-01-25
52wk Low445.8652wk Low Date2017-07-11
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