Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
GLOBAL X NASDAQ CHINA TECH IV (PACF:QQQC.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 QQQC.IV
The long term trend has been DOWN since Feb 9th, 2018 at 28.5850
The intermediate term trend has been DOWN since Jan 30th, 2018 at 32.3573
The short term trend has been UP since Feb 13th, 2018 at 30.1567
Smart Scan Analysis for QQQC.IV
Based on a pre-defined weighted trend formula for chart analysis, QQQC.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||33.7802||52wk High Date||2018-01-26|
|52wk Low||22.4616||52wk Low Date||2017-04-18|