Index Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
S&P Japanese Yen Futures 1x Inverse Daily Index ER (CME:SPJYFP1I)
Bull Market Weakness (+75) - SPJYFP1I is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPJYFP1I as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPJYFP1I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFP1I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPJYFP1I
The long-term trend has been UP since Feb 5th, 2021 at 118.35
The intermediate-term trend has been UP since Sep 24th, 2021 at 123.86
The short-term trend has been DOWN since Oct 21st, 2021 at 127.79
Smart Scan Analysis for SPJYFP1I
Based on our trend formula, SPJYFP1I is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).