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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.

NASDAQ_XNDXS2
Open High Low XNDXS2 Price Change
104.430 106.984 101.621 102.521 +0.011
Entry Signal

MarketClub’s Trade Triangles for XNDXS2

long term down The long-term trend has been DOWN since Apr 14th, 2020 at 165.830

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2020 at 202.500

short term up 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).

-85
Smart Scan Analysis for XNDXS2
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.430 106.984 101.621 102.521 +0.011
Prev. Close Volume Bid Ask Time
127.050 0 2020-07-14 14:48:00
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