Index Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
NASDAQ-100 1X SHORT INDEX (NASDAQ:NDXS1)
Countertrend Down (-85) - NDXS1 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 NDXS1?
MarketClub looks at technical strength and momentum to determine if the timing is right for NDXS1.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NDXS1
The long-term trend has been DOWN since Apr 29th, 2020 at 458.81
The intermediate-term trend has been DOWN since Sep 30th, 2020 at 344.75
The short-term trend has been UP since Oct 15th, 2020 at 333.38
Smart Scan Analysis for NDXS1
Based on our trend formula, NDXS1 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||727.25||52wk High Date||2018-02-09|
|52wk Low||582.5||52wk Low Date||2018-08-30|