Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
NASDAQ 100 VOLATILITY INDEX (NASDAQ:VOLQ)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 VOLQ
The long term trend has been UP since Aug 5th, 2019 at 24.67
The intermediate term trend has been UP since Oct 2nd, 2019 at 21.22
The short term trend has been DOWN since Oct 11th, 2019 at 19.97
Smart Scan Analysis for VOLQ
Based on a pre-defined weighted trend formula for chart analysis, VOLQ scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).