Index Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
NASDAQ-100 2x Short Total Return Index (NASDAQ:XNDXS2)
Long-Term Downtrend (-90) - XNDXS2 is in a strong downtrend that is likely to continue. While XNDXS2 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 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 Oct 18th, 2021 at 41.241
The short-term trend has been DOWN since Nov 29th, 2021 at 35.027
Smart Scan Analysis for XNDXS2
Based on our trend formula, XNDXS2 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).