Index Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
ULTRA-SHORT QQQ PROSHARES IND VALUE (PACF:QID.IV)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Feb 26th, 2018 at 11.2888
The short term trend has been UP since Mar 15th, 2018 at 10.8838
Smart Scan Analysis for QID.IV
Based on a pre-defined weighted trend formula for chart analysis, QID.IV scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||19.9306||52wk High Date||2017-03-27|
|52wk Low||10.372||52wk Low Date||2018-03-13|