Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
Daiwa ETF Japan Nikkei225 Double Inverse Index (GIF:C366)
Countertrend Down (-85) - C366 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid C366?
MarketClub looks at technical strength and momentum to determine if the timing is right for C366.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for C366
The long-term trend has been DOWN since May 28th, 2020 at 2202.74
The intermediate-term trend has been DOWN since Aug 11th, 2020 at 1955.54
The short-term trend has been UP since Sep 16th, 2020 at 1849.44
Smart Scan Analysis for C366
Based on our trend formula, C366 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).