Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
NASDAQ OMX GLOBAL GOLD & PRCS MTLS INDEX (NASDAQ:QGLD)
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 QGLD
The long term trend has been DOWN since Feb 9th, 2018 at 161.68
The intermediate term trend has been DOWN since Jul 16th, 2018 at 163.06
The short term trend has been UP since Aug 20th, 2018 at 139.06
Smart Scan Analysis for QGLD
Based on a pre-defined weighted trend formula for chart analysis, QGLD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||194.36||52wk High Date||2017-09-08|
|52wk Low||135.65||52wk Low Date||2018-08-17|