Index Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
S&P Japanese Yen Futures 2x Leverage Daily Index TR (CME:SPJYFT2L)
Bear Market Rally (-75) - SPJYFT2L is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPJYFT2L as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPJYFT2L?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPJYFT2L.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPJYFT2L
The long-term trend has been DOWN since Feb 4th, 2021 at 51.527
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 46.779
The short-term trend has been UP since Oct 21st, 2021 at 43.885
Smart Scan Analysis for SPJYFT2L
Based on our trend formula, SPJYFT2L is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).