Index Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
NASDAQ-100 2X SHORT INDEX (NASDAQ:NDXS2)
Long-Term Downtrend (-90) - NDXS2 is in a strong downtrend that is likely to continue. While NDXS2 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 5th, 2020 at 80.003
The short-term trend has been DOWN since Nov 24th, 2020 at 80.712
Smart Scan Analysis for NDXS2
Based on our trend formula, NDXS2 is rated as a -90 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|