Index Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
S&P US Treasury Bond Futures 2X Inverse Index ER (CME:SPUST2IP)
Countertrend Up (+85) - SPUST2IP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPUST2IP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPUST2IP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPUST2IP
The long-term trend has been UP since Oct 8th, 2021 at 33.036
The intermediate-term trend has been UP since Sep 24th, 2021 at 31.636
The short-term trend has been DOWN since Oct 13th, 2021 at 32.677
Smart Scan Analysis for SPUST2IP
Based on our trend formula, SPUST2IP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).