Future Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
NASDAQ BIOTECH (E-MINI) Jun 2019 (CME:BIO.M19)
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 BIO.M19
The long term trend has been DOWN since Apr 17th, 2019 at 3384.4
The intermediate term trend has been DOWN since Apr 17th, 2019 at 3384.4
The short term trend has been UP since May 16th, 2019 at 3238.4
Smart Scan Analysis for BIO.M19
Based on a pre-defined weighted trend formula for chart analysis, BIO.M19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).