Index Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
NASDAQ-100 2x Short Net Total Return Index (NASDAQ:XNDXS2NNR)
Bull Market Weakness (+75) - XNDXS2NNR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XNDXS2NNR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XNDXS2NNR?
MarketClub looks at technical strength and momentum to determine if the timing is right for XNDXS2NNR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XNDXS2NNR
The long-term trend has been DOWN since Apr 14th, 2020 at 170.390
The intermediate-term trend has been UP since May 4th, 2021 at 54.350
The short-term trend has been UP since May 3rd, 2021 at 53.339
Smart Scan Analysis for XNDXS2NNR
Based on our trend formula, XNDXS2NNR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).