Index Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
S&P Japanese Yen Futures 2x Inverse Daily Index TR (CME:SPJYFT2I)
Crossroads (-60) - SPJYFT2I is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPJYFT2I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFT2I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPJYFT2I
The long-term trend has been UP since Mar 2nd, 2023 at 293.13
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 378.92
The short-term trend has been DOWN since Nov 27th, 2023 at 381.62
Smart Scan Analysis for SPJYFT2I
Based on our trend formula, SPJYFT2I is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).