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Index Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

S&P EURO Futures 2x Leverage Daily Index ER (CME:SPEUFP2L)

Countertrend Down (-85) - SPEUFP2L 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 SPEUFP2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPEUFP2L.

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

CME_SPEUFP2L
Open High Low SPEUFP2L Price Change
56.207 56.613 56.081 56.323 +0.142
Entry Signal

MarketClub’s Trade Triangles for SPEUFP2L

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 57.139

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2024 at 58.138

short term up The short-term trend has been UP since Apr 17th, 2024 at 56.509

Smart Scan Analysis for SPEUFP2L

Based on our trend formula, SPEUFP2L is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SPEUFP2L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.207 56.613 56.081 56.323 +0.142
Prev. Close Volume Bid Ask Time
56.181 0 2024-04-19 15:08:45
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