Index Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
S&P EURO Futures 2x Inverse Daily Index TR (CME:SPEUFT2I)
Strong Downtrend (-100) - SPEUFT2I is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPEUFT2I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPEUFT2I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPEUFT2I
The long-term trend has been DOWN since Jul 15th, 2020 at 88.471
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 82.636
The short-term trend has been DOWN since Oct 19th, 2020 at 83.451
Smart Scan Analysis for SPEUFT2I
Based on our trend formula, SPEUFT2I is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).