Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Saturday, May 18, 2024.
S&P Japanese Yen Futures 1x Inverse Daily Index ER (CME:SPJYFP1I)
Countertrend Up (+85) - SPJYFP1I is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPJYFP1I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFP1I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPJYFP1I
The long-term trend has been UP since Feb 13th, 2024 at 177.89
The intermediate-term trend has been UP since Mar 19th, 2024 at 179.12
The short-term trend has been DOWN since May 15th, 2024 at 186.56
Smart Scan Analysis for SPJYFP1I
Based on our trend formula, SPJYFP1I is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 187.03 | 187.17 | 186.29 | 186.81 | -0.22 |
| Prev. Close | Volume | Bid | Ask | Time |
| 186.81 | 0 | 2024-05-17 15:10:00 |