Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
ULTRA-SHORT QQQ PROSHARES IND VALUE (PACF:QID.IV)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 QID.IV
The long term trend has been DOWN since Apr 1st, 2016 at 29.3977
The intermediate term trend has been DOWN since Apr 17th, 2018 at 11.4767
The short term trend has been UP since May 15th, 2018 at 10.9726
Smart Scan Analysis for QID.IV
Based on a pre-defined weighted trend formula for chart analysis, QID.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||17.8565||52wk High Date||2017-07-06|
|52wk Low||10.372||52wk Low Date||2018-03-13|