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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.

NASDAQ_NDXS1
Open High Low NDXS1 Price Change
338.45 339.61 335.46 336.74 -1.96
Entry Signal

MarketClub’s Trade Triangles for NDXS1

long term down The long-term trend has been DOWN since Apr 29th, 2020 at 458.81

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2020 at 344.75

short term up 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).

-85
Smart Scan Analysis for NDXS1
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
338.45 339.61 335.46 336.74 -1.96
Prev. Close Volume Bid Ask Time
348.31 0 2020-10-21 14:47:00
52wk High727.2552wk High Date2018-02-09
52wk Low582.552wk Low Date2018-08-30
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