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Index Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

NASDAQ 100 INDEX (NASDAQ:NDX)

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.

NASDAQ_NDX
Open High Low NDX Price Change
9013.23 9111.32 8994.29 9090.93 +138.75
Entry Signal

MarketClub’s Trade Triangles for NDX

long term up The long term trend has been UP since Jul 3rd, 2019 at 7851.98

intermediate term up The intermediate term trend has been UP since Dec 12th, 2019 at 8445.61

short term down The short term trend has been DOWN since Jan 24th, 2020 at 9141.78

Smart Scan Analysis for NDX

Based on a pre-defined weighted trend formula for chart analysis, NDX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for NDX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9013.23 9111.32 8994.29 9090.93 +138.75
Prev. Close Volume Bid Ask Time
8966.64 0 2020-01-28 17:14:39
52wk High7700.5652wk High Date2018-10-01
52wk Low6164.4352wk Low Date2018-02-09
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