Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
S&P Japanese Yen Futures 2x Leverage Daily Index ER (CME:SPJYFP2L)
Sidelines Mode (-55) - SPJYFP2L is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SPJYFP2L
The long-term trend has been DOWN since Feb 4th, 2021 at 32.787
The intermediate-term trend has been DOWN since Nov 16th, 2021 at 27.649
The short-term trend has been UP since Nov 26th, 2021 at 27.554
Smart Scan Analysis for SPJYFP2L
Based on our trend formula, SPJYFP2L is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).