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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.

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CME_SPJYFP2I
Open High Low SPJYFP2I Price Change
213.71 217.14 212.86 216.35 +4.95
Entry Signal

MarketClub’s Trade Triangles for SPJYFP2I

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 209.76

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 226.34

short term down 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).

-90
Smart Scan Analysis for SPJYFP2I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
213.71 217.14 212.86 216.35 +4.95
Prev. Close Volume Bid Ask Time
211.40 0 2023-12-08 14:45:35
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