Index Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
NASDAQ-100 2x Short Total Return Index (NASDAQ:XNDXS2)
Strong Downtrend (-100) - XNDXS2 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XNDXS2 continues to fall. 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 Jan 27th, 2023 at 46.798
The intermediate-term trend has been DOWN since Mar 16th, 2023 at 44.054
The short-term trend has been DOWN since Mar 15th, 2023 at 45.815
Smart Scan Analysis for XNDXS2
Based on our trend formula, XNDXS2 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).