Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
S&P 500 2x Inverse Daily Index (CME:SP500TR2XI)
Sidelines Mode (-55) - SP500TR2XI 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 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.
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MarketClub’s Trade Triangles for SP500TR2XI
The long-term trend has been DOWN since Dec 1st, 2023 at 4.3030
The intermediate-term trend has been UP since Apr 12th, 2024 at 3.5607
The short-term trend has been DOWN since Apr 23rd, 2024 at 3.6768
Smart Scan Analysis for SP500TR2XI
Based on our trend formula, SP500TR2XI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6632 | 3.6969 | 3.6364 | 3.6616 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6616 | 0 | 2024-04-24 16:20:00 |
| 52wk High | 26.65 | 52wk High Date | 2018-02-09 |
| 52wk Low | 19.36 | 52wk Low Date | 2018-09-21 |