Index Trend Analysis Report
Prepared for you on Friday, July 10, 2020.
CHINAAMC DIREXION NASDAQ-100 DAILY (2X) LEVERAGED PRODUCT (GIF:7261)
Bull Market Weakness (+75) - 7261 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 7261 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid 7261?
MarketClub looks at technical strength and momentum to determine if the timing is right for 7261.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 7261
The long-term trend has been DOWN since Jun 14th, 2020 at 21.755
The intermediate-term trend has been UP since Jul 5th, 2020 at 12.545
The short-term trend has been UP since Jul 1st, 2020 at 11.921
Smart Scan Analysis for 7261
Based on our trend formula, 7261 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).