Index Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

S&P Japanese Yen Futures Index ER (CME:SPJPYFP)

Countertrend Down (-85) - SPJPYFP 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 SPJPYFP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPJPYFP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	SPJPYFP Price	Change
39.903	40.061	39.872	39.949	+0.046
Entry Signal

MarketClub’s Trade Triangles for SPJPYFP

The long-term trend has been DOWN since Feb 13th, 2024 at 42.176

The intermediate-term trend has been DOWN since Mar 19th, 2024 at 41.749

The short-term trend has been UP since May 15th, 2024 at 40.008

Smart Scan Analysis for SPJPYFP

Based on our trend formula, SPJPYFP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
39.903	40.061	39.872	39.949	+0.046
Prev. Close	Volume	Bid	Ask	Time
39.949	0			2024-05-17 15:10:00

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