Index Trend Analysis Report
Prepared for you on Tuesday, July 14, 2020.
NASDAQ-100 2x Short Total Return Index (NASDAQ:XNDXS2)
Countertrend Down (-85) - XNDXS2 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid XNDXS2?
MarketClub looks at technical strength and momentum to determine if the timing is right for XNDXS2.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XNDXS2
The long-term trend has been DOWN since Apr 14th, 2020 at 165.830
The intermediate-term trend has been DOWN since Mar 30th, 2020 at 202.500
The short-term trend has been UP since Jul 14th, 2020 at 103.204
Smart Scan Analysis for XNDXS2
Based on our trend formula, XNDXS2 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).