Index Trend Analysis Report

Prepared for you on Sunday, May 19, 2024.

S&P Japanese Yen Futures 2x Leverage Daily Index ER (CME:SPJYFP2L)

Countertrend Down (-85) - SPJYFP2L 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 SPJYFP2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFP2L.

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

Open	High	Low	SPJYFP2L Price	Change
11.907	12.002	11.889	11.935	+0.028
Entry Signal

MarketClub’s Trade Triangles for SPJYFP2L

The long-term trend has been DOWN since Feb 9th, 2024 at 13.373

The intermediate-term trend has been DOWN since Mar 19th, 2024 at 13.061

The short-term trend has been UP since May 15th, 2024 at 11.972

Smart Scan Analysis for SPJYFP2L

Based on our trend formula, SPJYFP2L 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
11.907	12.002	11.889	11.935	+0.028
Prev. Close	Volume	Bid	Ask	Time
11.935	0			2024-05-17 15:10:00

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