Index Trend Analysis Report
Prepared for you on Wednesday, December 7, 2022.
NASDAQ-100 2x Short Net Total Return Index (NASDAQ:XNDXS2NNR)
Weak Uptrend (+65) - XNDXS2NNR is showing signs of weakening momentum to the upside. Monitor 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 UP since Oct 10th, 2022 at 63.437
The intermediate-term trend has been DOWN since Oct 25th, 2022 at 55.900
The short-term trend has been UP since Dec 6th, 2022 at 52.629
Smart Scan Analysis for XNDXS2NNR
Based on our trend formula, XNDXS2NNR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).