Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Nasdaq Yewno Glbl Innovative Tech Ex Index EUR ER (NASDAQ:NYGITXEE)
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 NYGITXEE
The long term trend has been UP since Jul 22nd, 2019 at 1084.90
The intermediate term trend has been UP since Oct 15th, 2019 at 1102.33
The short term trend has been DOWN since Dec 5th, 2019 at 1167.26
Smart Scan Analysis for NYGITXEE
Based on a pre-defined weighted trend formula for chart analysis, NYGITXEE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).