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Index Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

OMXS30 Double Short Index (NASDAQ:OMXS30SHORTX2)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NASDAQ_OMXS30SHORTX2
Open High Low OMXS30SHORTX2 Price Change
24.810 24.912 24.650 24.901 +0.082
Entry Signal

MarketClub’s Trade Triangles for OMXS30SHORTX2

long term down The long term trend has been DOWN since Sep 12th, 2019 at 25.620

intermediate term down The intermediate term trend has been DOWN since Aug 29th, 2019 at 28.410

short term down The short term trend has been DOWN since Aug 29th, 2019 at 29.335

Smart Scan Analysis for OMXS30SHORTX2

Based on a pre-defined weighted trend formula for chart analysis, OMXS30SHORTX2 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for OMXS30SHORTX2
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.810 24.912 24.650 24.901 +0.082
Prev. Close Volume Bid Ask Time
28.850 0 2019-09-20 05:30:00
52wk High41.4552wk High Date2018-02-06
52wk Low28.8852wk Low Date2018-10-03
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