Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
NASDAQ-100 EQUAL WEIGHTED INDEX (NASDAQ:NDXE)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NDXE
The long term trend has been UP since Feb 1st, 2019 at 3698.85
The intermediate term trend has been UP since Mar 15th, 2019 at 3868.18
The short term trend has been DOWN since Mar 22nd, 2019 at 3846.93
Smart Scan Analysis for NDXE
Based on a pre-defined weighted trend formula for chart analysis, NDXE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3895||52wk High Date||2018-08-29|
|52wk Low||3338.71||52wk Low Date||2018-10-29|