Index Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
S&P 500 2x Inverse Daily Index (CME:SP500TR2XI)
Crossroads (+60) - SP500TR2XI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SP500TR2XI
The long-term trend has been DOWN since Apr 29th, 2020 at 13.67
The intermediate-term trend has been UP since Mar 4th, 2021 at 7.40
The short-term trend has been UP since Feb 18th, 2021 at 7.00
Smart Scan Analysis for SP500TR2XI
Based on our trend formula, SP500TR2XI is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||26.65||52wk High Date||2018-02-09|
|52wk Low||19.36||52wk Low Date||2018-09-21|