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Index Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
S&P US Treasury Bond Futures 2X Inverse Index ER (CME:SPUST2IP)
Sidelines Mode (+55) - SPUST2IP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPUST2IP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPUST2IP.
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 SPUST2IP
The long-term trend has been UP since Apr 2nd, 2024 at 53.169
The intermediate-term trend has been DOWN since May 7th, 2024 at 53.629
The short-term trend has been UP since May 1st, 2024 at 56.266
Smart Scan Analysis for SPUST2IP
Based on our trend formula, SPUST2IP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 53.583 | 53.927 | 53.354 | 53.812 | +0.229 |
| Prev. Close | Volume | Bid | Ask | Time |
| 53.583 | 0 | 2024-05-08 15:09:53 |