Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
NASDAQ MEA FINANCIAL SERVICES NTR INDEX (NASDAQ:NQMEA8700N)
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 NQMEA8700N
The long term trend has been DOWN since May 16th, 2018 at 1059.82
The intermediate term trend has been DOWN since Oct 8th, 2018 at 880.48
The short term trend has been UP since Oct 16th, 2018 at 888.73
Smart Scan Analysis for NQMEA8700N
Based on a pre-defined weighted trend formula for chart analysis, NQMEA8700N scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1228.1||52wk High Date||2018-01-26|
|52wk Low||851.8||52wk Low Date||2018-10-11|