Index Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
NASDAQ-100 3X INVERSE INDEX (NASDAQ:NDXS3)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NDXS3
The long term trend has been DOWN since Feb 4th, 2019 at 269.98
The intermediate term trend has been DOWN since Oct 15th, 2019 at 174.81
The short term trend has been DOWN since Oct 25th, 2019 at 170.38
Smart Scan Analysis for NDXS3
Based on a pre-defined weighted trend formula for chart analysis, NDXS3 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||481.97||52wk High Date||2018-02-09|
|52wk Low||232.97||52wk Low Date||2018-10-01|