Future Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
NASDAQ 100 INDEX (E-MINI) Dec 2020 (CME:NQ.Z20)
Bull Market Weakness (+75) - NQ.Z20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NQ.Z20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NQ.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for NQ.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NQ.Z20
The long-term trend has been UP since May 11th, 2020 at 9047.75
The intermediate-term trend has been UP since Oct 1st, 2020 at 11571.00
The short-term trend has been DOWN since Oct 16th, 2020 at 11887.50
Smart Scan Analysis for NQ.Z20
Based on our trend formula, NQ.Z20 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).