Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
NASDAQ 100 INDEX (E-MINI) Dec 2019 (CME:NQ.Z19)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NQ.Z19
The long term trend has been UP since Jul 10th, 2019 at 7928.75
The intermediate term trend has been DOWN since Aug 1st, 2019 at 7803.75
The short term trend has been UP since Aug 18th, 2019 at 7646.50
Smart Scan Analysis for NQ.Z19
Based on a pre-defined weighted trend formula for chart analysis, NQ.Z19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).