Index Trend Analysis Report
Prepared for you on Tuesday, November 29, 2022.
NASDAQ-100 1x Short Net Total Return Index (NASDAQ:XNDXS1NNR)
Crossroads (-60) - XNDXS1NNR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XNDXS1NNR?
MarketClub looks at technical strength and momentum to determine if the timing is right for XNDXS1NNR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XNDXS1NNR
The long-term trend has been UP since Oct 10th, 2022 at 307.19
The intermediate-term trend has been DOWN since Oct 25th, 2022 at 288.68
The short-term trend has been DOWN since Nov 23rd, 2022 at 282.42
Smart Scan Analysis for XNDXS1NNR
Based on our trend formula, XNDXS1NNR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).