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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

S&P EURO Futures 2x Inverse Daily Index ER (CME:SPEUFP2I)

Sidelines Mode (-55) - SPEUFP2I 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 SPEUFP2I?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPEUFP2I.

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

CME_SPEUFP2I
Open High Low SPEUFP2I Price Change
71.867 71.867 71.814 71.821 -0.027
Entry Signal

MarketClub’s Trade Triangles for SPEUFP2I

long term up The long-term trend has been UP since Apr 11th, 2024 at 72.920

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 71.694

short term up The short-term trend has been UP since May 22nd, 2024 at 71.354

Smart Scan Analysis for SPEUFP2I

Based on our trend formula, SPEUFP2I is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPEUFP2I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.867 71.867 71.814 71.821 -0.027
Prev. Close Volume Bid Ask Time
71.848 0 2024-05-24 00:53:25
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