Index Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
CHINAAMC DIREXION NASDAQ-100 DAILY (-1X) INVERSE PRODUCT (GIF:7331)
Strong Downtrend (-100) - 7331 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Mar 30th, 2020 at 8.0192
The short-term trend has been DOWN since Jul 30th, 2020 at 5.6406
Smart Scan Analysis for 7331
Based on our trend formula, 7331 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).