Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
S&P US Dollar Futures 1x Inverse Daily Index TR (CME:SPUSDT1I)
Strong Uptrend (+100) - SPUSDT1I is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPUSDT1I 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 SPUSDT1I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPUSDT1I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPUSDT1I
The long-term trend has been UP since Jul 21st, 2020 at 150.76
The intermediate-term trend has been UP since Oct 20th, 2020 at 154.79
The short-term trend has been UP since Oct 19th, 2020 at 154.44
Smart Scan Analysis for SPUSDT1I
Based on our trend formula, SPUSDT1I is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).