Index Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
NASDAQ-100 1x Short Total Return Index (NASDAQ:XNDXS1)
Strong Downtrend (-100) - XNDXS1 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XNDXS1 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XNDXS1?
MarketClub looks at technical strength and momentum to determine if the timing is right for XNDXS1.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XNDXS1
The long-term trend has been DOWN since Jan 27th, 2023 at 268.07
The intermediate-term trend has been DOWN since Mar 16th, 2023 at 262.90
The short-term trend has been DOWN since Mar 15th, 2023 at 268.39
Smart Scan Analysis for XNDXS1
Based on our trend formula, XNDXS1 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).