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Index Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

S&P Japanese Yen Futures 2x Leverage Daily Index ER (CME:SPJYFP2L)

Long-Term Downtrend (-90) - SPJYFP2L is in a strong downtrend that is likely to continue. While SPJYFP2L 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 SPJYFP2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFP2L.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPJYFP2L
Open High Low SPJYFP2L Price Change
12.065 12.086 12.018 12.041 -0.024
Entry Signal

MarketClub’s Trade Triangles for SPJYFP2L

long term down The long-term trend has been DOWN since Feb 9th, 2024 at 13.373

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 13.061

short term down The short-term trend has been DOWN since Apr 8th, 2024 at 12.729

Smart Scan Analysis for SPJYFP2L

Based on our trend formula, SPJYFP2L is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPJYFP2L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.065 12.086 12.018 12.041 -0.024
Prev. Close Volume Bid Ask Time
12.065 0 2024-04-25 10:24:05
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