Index Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
NASDAQ-100 2X SHORT INDEX (NASDAQ:NDXS2)
Bear Market Rally (-75) - NDXS2 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NDXS2 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NDXS2?
MarketClub looks at technical strength and momentum to determine if the timing is right for NDXS2.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NDXS2
The long-term trend has been DOWN since Apr 14th, 2020 at 181.100
The intermediate-term trend has been UP since Dec 2nd, 2021 at 41.922
The short-term trend has been DOWN since Dec 7th, 2021 at 40.719
Smart Scan Analysis for NDXS2
Based on our trend formula, NDXS2 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||508.22||52wk High Date||2018-02-09|
|52wk Low||317.46||52wk Low Date||2018-10-01|