Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
S&P Japanese Yen Futures 2x Inverse Daily Index ER (CME:SPJYFP2I)
Long-Term Downtrend (-90) - SPJYFP2I is in a strong downtrend that is likely to continue. While SPJYFP2I is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPJYFP2I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFP2I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPJYFP2I
The long-term trend has been DOWN since Dec 7th, 2023 at 209.76
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 226.34
The short-term trend has been DOWN since Nov 14th, 2023 at 233.05
Smart Scan Analysis for SPJYFP2I
Based on our trend formula, SPJYFP2I is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).