Index Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
S&P Australian Dollar Futures 2x Leverage Daily Index TR (CME:SPADFT2L)
Countertrend Down (-85) - SPADFT2L is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPADFT2L?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFT2L.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPADFT2L
The long-term trend has been DOWN since Mar 7th, 2023 at 197.57
The intermediate-term trend has been DOWN since May 24th, 2023 at 196.39
The short-term trend has been UP since May 30th, 2023 at 192.87
Smart Scan Analysis for SPADFT2L
Based on our trend formula, SPADFT2L is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).