Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

S&P 500 2x Inverse Daily Index (CME:SP500TR2XI)

Long-Term Downtrend (-90) - SP500TR2XI is in a strong downtrend that is likely to continue. While SP500TR2XI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SP500TR2XI?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500TR2XI.

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

CME_SP500TR2XI
Open High Low SP500TR2XI Price Change
3.3042 3.3042 3.2157 3.2479 -0.0548
Entry Signal

MarketClub’s Trade Triangles for SP500TR2XI

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 4.3030

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 3.5171

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 3.2979

Smart Scan Analysis for SP500TR2XI

Based on our trend formula, SP500TR2XI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP500TR2XI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3042 3.3042 3.2157 3.2479 -0.0548
Prev. Close Volume Bid Ask Time
3.2479 0 2024-06-12 16:19:45
52wk High26.6552wk High Date2018-02-09
52wk Low19.3652wk Low Date2018-09-21
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