Index Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
FIRST TRUST NASDAQ 100 EQUITY WTS IPV (NASDAQ:QQEW.IV)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 QQEW.IV
The long term trend has been DOWN since Oct 10th, 2018 at 59.86
The intermediate term trend has been UP since Nov 8th, 2018 at 60.79
The short term trend has been UP since Nov 26th, 2018 at 57.70
Smart Scan Analysis for QQEW.IV
Based on a pre-defined weighted trend formula for chart analysis, QQEW.IV scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||64.35||52wk High Date||2018-08-29|
|52wk Low||55.12||52wk Low Date||2018-10-29|