Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
NASDAQ 100 INDEX (NASDAQ:NDX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NDX
The long term trend has been DOWN since Oct 11th, 2018 at 6969.16
The intermediate term trend has been UP since Jan 9th, 2019 at 6621.63
The short term trend has been DOWN since Feb 21st, 2019 at 7022.30
Smart Scan Analysis for NDX
Based on a pre-defined weighted trend formula for chart analysis, NDX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7700.56||52wk High Date||2018-10-01|
|52wk Low||6164.43||52wk Low Date||2018-02-09|