Index Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
CHINAAMC DIREXION NASDAQ-100 DAILY (-1X) INVERSE PRODUCT (GIF:7331)
Sidelines Mode (-55) - 7331 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid 7331?
MarketClub looks at technical strength and momentum to determine if the timing is right for 7331.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 7331
The long-term trend has been DOWN since May 6th, 2020 at 6.9099
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 4.9073
The short-term trend has been UP since Feb 18th, 2021 at 4.2818
Smart Scan Analysis for 7331
Based on our trend formula, 7331 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).