Index Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
S&P Japanese Yen Futures 2x Inverse Daily Index ER (CME:SPJYFP2I)
Strong Uptrend (+100) - SPJYFP2I is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPJYFP2I continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 8th, 2023 at 183.07
The intermediate-term trend has been UP since Apr 10th, 2023 at 173.60
The short-term trend has been UP since May 12th, 2023 at 179.39
Smart Scan Analysis for SPJYFP2I
Based on our trend formula, SPJYFP2I is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).