Index Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
S&P Australian Dollar Futures 2x Leverage Daily Index ER (CME:SPADFP2L)
Sidelines Mode (+55) - SPADFP2L 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 SPADFP2L?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFP2L.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPADFP2L
The long-term trend has been DOWN since Apr 1st, 2021 at 166.357
The intermediate-term trend has been UP since Apr 15th, 2021 at 175.021
The short-term trend has been DOWN since May 12th, 2021 at 175.221
Smart Scan Analysis for SPADFP2L
Based on our trend formula, SPADFP2L is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).