Index Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
S&P Japanese Yen Futures 2x Inverse Daily Index ER (CME:SPJYFP2I)
Bull Market Weakness (+75) - SPJYFP2I is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPJYFP2I as it may be in the beginning stages of a reversal.
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 UP since Feb 5th, 2021 at 107.715
The intermediate-term trend has been UP since Sep 24th, 2021 at 117.725
The short-term trend has been DOWN since Oct 21st, 2021 at 125.265
Smart Scan Analysis for SPJYFP2I
Based on our trend formula, SPJYFP2I is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).