Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
ULTRA-SHORT QQQ PROSHARES IND VALUE (PACF:QID.IV)
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 QID.IV
The long term trend has been DOWN since Apr 1st, 2016 at 29.3977
The intermediate term trend has been DOWN since Oct 5th, 2017 at 15.2726
The short term trend has been UP since Oct 19th, 2017 at 14.8724
Smart Scan Analysis for QID.IV
Based on a pre-defined weighted trend formula for chart analysis, QID.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26.4875||52wk High Date||2016-11-04|
|52wk Low||14.7024||52wk Low Date||2017-10-18|